**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      DC 20549**

**Form      10-Q**

**For      the quarterly period ended September 30, 2007**

**EVCI      Career Colleges Holding Corp.**

| Delaware                                                                      | **06-1488212**                                      |
|-------------------------------------------------------------------------------|-----------------------------------------------------|
| (State                of other jurisdiction of incorporation or organization) | (IRS                Employer Identification Number) |

**1      Van Der Donck Street, 2nd Floor, Yonkers, New York 10701**

**(914)      623-0700**

----

**Table      of Contents**

**Part      I**

**Financial      Information**

| **Item                1. Condensed Financial Statements**                                                                                                                                                                     | **Page** |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
|                                                                                                                                                                                                                          |     |
| Condensed                Consolidated Balance Sheets as of September 30, 2007 (unaudited)                and                December 31, 2006 (audited)                                                                       | 1        |
|                                                                                                                                                                                                                          |     |
| Condensed                Consolidated Statement of Operations for the three month and nine                month                periods ended September 30, 2007 (unaudited) and September 30, 2006                (unaudited) | 2        |
|                                                                                                                                                                                                                          |     |
| Condensed                Consolidated Statement of Cash Flows for the nine month periods ended                September 30, 2007 (unaudited) and September 30, 2006                (unaudited)                                | 3        |
|                                                                                                                                                                                                                          |     |
| Notes                to Condensed Consolidated Financial Statements                                                                                                                                                           | 4        |
|                                                                                                                                                                                                                          |     |
| **Item                2. Management’s Discussion and Analysis of Financial Condition and Results                of Operations**                                                                                         | 16       |
|                                                                                                                                                                                                                          |     |
| Overview                and Critical Accounting Policies                                                                                                                                                                      | 16       |
|                                                                                                                                                                                                                          |     |
| Comparison                of the three months ended September 30, 2007 and 2006                                                                                                                                               | 21       |
|                                                                                                                                                                                                                          |     |
| Comparison                of the nine months ended September 30, 2007 and 2006                                                                                                                                                | 24       |
|                                                                                                                                                                                                                          |     |
| Financial                Condition, Liquidity and Capital Resources                                                                                                                                                           | 27       |
|                                                                                                                                                                                                                          |     |
| **Item                3. Quantitative and Qualitative Disclosures about Market                Risk**                                                                                                                          | 29       |
|                                                                                                                                                                                                                          |     |
| **Item                4. Controls and Procedures**                                                                                                                                                                            | 29       |
|                                                                                                                                                                                                                          |     |
| **Part                II**                                                                                                                                                                                                    |     |
|                                                                                                                                                                                                                          |     |
| **Other                Information**                                                                                                                                                                                          |     |
|                                                                                                                                                                                                                          |     |
| **Item                1. Legal Proceedings**                                                                                                                                                                                  | 30       |
|                                                                                                                                                                                                                          |     |
| **Item                1A.** **Risk                Factors**                                                                                                                                                              | 30       |
|                                                                                                                                                                                                                          |     |
| **Item                4.** **Submission                of Matters to a Vote of Security Holders**                                                                                                                        | 38       |
|                                                                                                                                                                                                                          |     |
| **Item                5.** **Other                Matters**                                                                                                                                                              | 39       |
|                                                                                                                                                                                                                          |     |
| **Item                6.** **Exhibits**                                                                                                                                                                                  | 40       |
|                                                                                                                                                                                                                          |     |
| **Signatures**                                                                                                                                                                                                                | 51       |

----

**EVCI      CAREER COLLEGES HOLDING CORP. AND SUBSIDIARIES**

**CONDENSED      CONSOLIDATED BALANCE SHEETS**

|                                                                                                                                            |   |                              |        |                              |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|-------------|-----------------------------------|--------|
|                                                                                                                                            |   | **September                  30** |        | **December                  31,** |   |
|                                                                                                                                            |   | **2007**                          |        | **2006**                          |   |
|                                                                                                                                            |   | **(unaudited)**                   |        | **(audited)**                     |   |
| **ASSETS**                                                                                                                                      |   |                              |        |                              |   |
| Current                  assets:                                                                                                                |   |                              |        |                              |   |
| Cash                  and cash equivalents                                                                                                      |   | $                                 | 1,741,544   |                              | $      | 2,151,238 |   |
| Student                  accounts receivable, less allowance for doubtful accounts                                                              |   |                              |             |                              |   |  |   |
| of                  $6,936,275 and $3,608,249 respectively                                                                                      |   |                              | 23,473,726  |                              |   | 5,860,856 |   |
| Other                  receivables                                                                                                              |   |                              | 42,495      |                              |   | 955,384 |   |
| Prepaid                  income taxes                                                                                                           |   |                              | 285,655     |                              |   | 329,986 |   |
| Prepaid                  expenses and other current assets                                                                                      |   |                              | 1,343,251   |                              |   | 712,681 |   |
| **Total                  current assets**                                                                                                       |   |                              | 26,886,671  |                              |   | 10,010,145 |   |
| Property                  and Equipment - net                                                                                                   |   |                              | 5,294,772   |                              |   | 6,061,555 |   |
| Intangible                  assets                                                                                                              |   |                              | 11,303,892  |                              |   | 11,958,985 |   |
| Goodwill                                                                                                                                        |   |                              | 5,320,121   |                              |   | 5,320,121 |   |
| Deferred                  income tax asset, net of valuation allowance of $6,957,500                                                            |   |                              | 5,557,500   |                              |   | 5,557,500 |   |
| Other                  assets                                                                                                                   |   |                              | 3,832,540   |                              |   | 2,775,991 |   |
| **Total                  Assets**                                                                                                               |   | $                                 | 58,195,496  |                              | $      | 41,684,297 |   |
|                                                                                                                                            |   |                              |        |                              |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS' EQUITY**                                                                                       |   |                              |             |                              |   |  |   |
|                                                                                                                                            |   |                              |        |                              |   |   |   |
| Current                  liabilities:                                                                                                           |   |                              |        |                              |   |   |   |
| Revolving                  credit line                                                                                                          |   | $                                 | 4,802,008   |                              | $      | 2,000,000 |   |
| Accounts                  payable and accrued expenses                                                                                          |   |                              | 10,133,628  |                              |   | 10,453,786 |   |
| Current                  portion of accrued liability related to closed facility                                                                |   |                              | -           |                              |   | 296,517 |   |
| Deferred                  tuition revenue                                                                                                       |   |                              | 21,091,784  |                              |   | 195,096 |   |
| Current                  portion of capital lease obligation                                                                                    |   |                              | 169,086     |                              |   | 327,215 |   |
| Current                  portion of notes payable                                                                                               |   |                              | 2,387,855   |                              |   | 2,386,232 |   |
| **Total                  current liabilities**                                                                                                  |   |                              | 38,584,361  |                              |   | 15,658,846 |   |
| Convertible                  note                                                                                                               |   |                              | 4,043,881   |                              |   | - |   |
| Capital                  lease obligation, net of current portion                                                                               |   |                              | 42,022      |                              |   | 135,620 |   |
| Notes                  payable, net of current portion                                                                                          |   |                              | 704,983     |                              |   | 9,677,697 |   |
| Accrued                  liability related to closed facility, net of current                  portion                                          |   |                              | -           |                              |   | 1,491,329 |   |
| Deferred                  rent                                                                                                                  |   |                              | 1,515,951   |                              |   | 1,252,342 |   |
| **Total                  liabilities**                                                                                                          |   |                              | 44,891,198  |                              |   | 28,215,834 |   |
| Stockholders'                  Equity:                                                                                                          |   |                              |        |                              |   |   |   |
| Preferred                  stock - $.0001 par value; authorized 1,000,000 shares: none issued                  and                  outstanding |   |                              | -           |                              |   | - |   |
| Common                  stock - $.0001 par value; authorized 36,666,666 shares; issued                  and                                     |   |                              |        |                              |   |   |   |
| outstanding                  5,159,552 and 4,229,872 respectively                                                                               |   |                              | 1,569       |                              |   | 1,290 |   |
| Additional                  paid-in capital                                                                                                     |   |                              | 61,921,301  |                              |   | 52,677,754 |   |
| Accumulated                  deficit                                                                                                            |   |                              | (48,618,572 | )                                 |   | (39,210,581 | ) |
| **Stockholders'                  equity**                                                                                                       |   |                              | 13,304,298  |                              |   | 13,468,463 |   |
| **Total                  Liabilities and Stockholders' Equity**                                                                                 |   | $                                 | 58,195,496  |                              | $      | 41,684,297 |   |

**See      Notes to Condensed Consolidated Financial Statements**

----

**EVCI      CAREER COLLEGES HOLDING CORP. AND SUBSIDIARIES**

**CONDENSED      CONSOLIDATED STATEMENT OF OPERATIONS**

**(unaudited)**

|                                                                                               |   |                                    |       |
|----------------------------------------------------------------------------------------------------|--------|-----------------------------------------|------------|
|                                                                                               |   |                                    |       |
|                                                                                               |   |                                    |       |   |   |   |   |   |   |
|                                                                                               |   |                                    |       |   |   |   |   |   |   |
|                                                                                               |   |                                    |       |   |   |   |   |   |   |
|                                                                                               |   |                                    |       |   |   |   |   |   |   |
|                                                                                               |   |                                    |       |   |   |   |   |   |   |
|                                                                                               |   | **Three                  Months Ended** |       | **Three                  Months Ended** |   | **Nine                  Months Ended** |   | **Nine                  Months Ended** |   |
|                                                                                               |   | **September                  30, 2007** |       | **September                  30, 2006** |   | **September                  30, 2007** |   | **September                  30, 2006** |   |
|                                                                                               |   |                                    |       |   |   |   |   |   |   |
| Net                  revenue                                                                       |   | $                                       | 12,736,675 |   | $ | 12,143,985 |   | $ | 45,109,047 |   | $ | 45,579,193 |   |
| Other                  income                                                                      |   |                                    | 152,562    |   |   | 141,759 |   |   | 377,881 |   |   | 394,978 |   |
| Total                  revenue                                                                     |   |                                    | 12,889,237 |   |   | 12,285,744 |   |   | 45,486,928 |   |   | 45,974,171 |   |
|                                                                                               |   |                                    |       |   |   |   |   |   |   |   |   |   |   |
| Operating                  expenses:                                                               |   |                                    |       |   |   |   |   |   |   |   |   |   |   |
| Cost                  of revenue                                                                   |   |                                    | 5,701,859  |   |   | 5,830,508 |   |   | 17,638,503 |   |   | 18,292,740 |   |
| Selling,                  general and administrative                                               |   |                                    | 13,024,869 |   |   | 11,112,899 |   |   | 35,752,037 |   |   | 36,180,407 |   |
| Gain                  on reversal of accrued liability related to closed                  facility |   |                                    | (1,575,141 | ) |   | - |   |   | (1,575,141 | ) |   | - |   |
| Loss                  on settlement of tuition disallowance                                        |   |                                    | -          |   |   | 2,700,000 |   |   | - |   |   | 2,700,000 |   |
| Total                  operating expenses                                                          |   |                                    | 17,151,587 |   |   | 19,643,407 |   |   | 51,815,399 |   |   | 57,173,147 |   |
|                                                                                               |   |                                    |       |   |   |   |   |   |   |   |   |   |   |
| Loss                  from operations                                                              |   |                                    | (4,262,350 | ) |   | (7,357,663 | ) |   | (6,328,471 | ) |   | (11,198,976 | ) |
|                                                                                               |   |                                    |       |   |   |   |   |   |   |   |   |   |   |
| Other                  income (expense):                                                           |   |                                    |       |   |   |   |   |   |   |   |   |   |   |
| Interest                  and financing costs                                                      |   |                                    | (1,494,650 | ) |   | (571,026 | ) |   | (3,120,477 | ) |   | (1,493,440 | ) |
| Interest                  income                                                                   |   |                                    | 8,611      |   |   | 14,257 |   |   | 40,957 |   |   | 129,596 |   |
| Loss                  before provision for income taxes                                            |   |                                    | (5,748,389 | ) |   | (7,914,432 | ) |   | (9,407,991 | ) |   | (12,562,820 | ) |
| Provision                  for income taxes                                                        |   |                                    | -          |   |   | - |   |   | - |   |   | 30,000 |   |
| Net                  loss                                                                          |   | $                                       | (5,748,389 | ) | $ | (7,914,432 | ) | $ | (9,407,991 | ) | $ | (12,592,820 | ) |
|                                                                                               |   |                                    |       |   |   |   |   |   |   |   |   |   |   |
| Net                  loss per common share:                                                        |   |                                    |       |   |   |   |   |   |   |   |   |   |   |
| Basic                  and diluted                                                                 |   | $                                       | (1.12      | ) | $ | (1.91 | ) | $ | (2.02 | ) | $ | (3.04 | ) |
|                                                                                               |   |                                    |       |   |   |   |   |   |   |   |   |   |   |
| Weighted                  average of common shares outstanding:                                    |   |                                    |       |   |   |   |   |   |  |   |   |   |   |
| Basic                  and diluted                                                                 |   |                                    | 5,111,761  |   |   | 4,152,722 |   |   | 4,647,315 |   |   | 4,147,213 |   |

**See      Notes to Condensed Consolidated Financial Statements**

----

**EVCI      CAREER COLLEGES HOLDING CORP. AND SUBSIDIARIES**

**CONDENSED      CONSOLIDATED STATEMENT OF CASH FLOWS**

**(unaudited)**

|                                                                                                                                    |   |                                   |        |     |   |
|-----------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------|-------------|----------|--------|
|                                                                                                                                    |   |                                   |        |     |   |
|                                                                                                                                    |   |                                   |        |     |   |
|                                                                                                                                    |   |                                   |        |     |   |
|                                                                                                                                    |   |                                   |        |     |   |
|                                                                                                                                    |   |                                   |        |     |   |
|                                                                                                                                    |   | **Nine                  Months ended** |        |
|                                                                                                                                    |   | **September                  30,**     |        |
|                                                                                                                                    |   | **2007**                               |        | **2006** |   |
|                                                                                                                                    |   |                                   |        |     |   |
| Cash                  flows from operating activities:                                                                                  |   |                                   |             |     |   |   |   |
| Net                  loss                                                                                                               |   | $                                      | (9,407,991  | )        | $      | (12,592,820 | ) |
| Adjustments                  to reconcile net loss to net cash provided by/(used in) operating                  activities:             |   |                                   |             |     |   |  |   |
| Depreciation                  and amortization                                                                                          |   |                                   | 2,665,088   |     |   | 2,605,330 |   |
| Bad                  debt expense                                                                                                       |   |                                   | 2,012,054   |     |   | 1,428,277 |   |
| Non                  cash compensation expense                                                                                          |   |                                   | 1,415,734   |     |   | 1,364,870 |   |
| Non-cash                  interest expense                                                                                              |   |                                   | 1,275,540   |     |   | - |   |
| Gain                  on reversal of accrued liability related to closed                  facility                                      |   |                                   | (1,575,141  | )        |   | - |   |
| Changes                  in operating assets and liabilities;                                                                           |   |                                   |             |     |   |  |   |
| Increase                  in students accounts receivable                                                                               |   |                                   | (19,624,924 | )        |   | (16,432,912 | ) |
| Decrease                  (increase) in prepaid income taxes                                                                            |   |                                   | 44,331      |     |   | (235,553 | ) |
| Decrease                  (increase) in prepaid expenses and other current assets                                                       |   |                                   | 957,294     |     |   | (68,701 | ) |
| Decrease                  in other assets                                                                                               |   |                                   | 161,934     |     |   | 9,303 |   |
| (Decrease)                  increase in accounts payable and accrued expenses and income taxes                  payable                 |   |                                   | (320,160    | )        |   | 3,685,404 |   |
| Decrease                  in accrued liability related to closed facility                                                               |   |                                   | (212,705    | )        |   | - |   |
| Increase                  in deferred tuition revenue                                                                                   |   |                                   | 20,896,688  |     |   | 17,344,784 |   |
| Increase                  in deferred rent                                                                                              |   |                                   | 263,609     |     |   | 148,338 |   |
| **Net                  cash provided by/(used in) operating activities**                                                                |   |                                   | (1,448,649  | )        |   | (2,743,680 | ) |
|                                                                                                                                    |   |                                   |             |     |   |   |   |
| Cash                  flows from investing activities:                                                                                  |   |                                   |        |     |   |   |   |
| Purchases                  of property and equipment                                                                                    |   |                                   | (412,758    | )        |   | (1,262,453 | ) |
| Deposits                  required                                                                                                      |   |                                   | -           |     |   | (10,000 | ) |
| Deposits                  returned                                                                                                      |   |                                   | 276,478     |     |   | 55,330 |   |
| Escrow                  funds received Interboro previous shareholder                                                                   |   |                                   | -           |     |   | 52,253 |   |
| **Net                  cash provided by/(used in) investing activities**                                                                |   |                                   | (136,280    | )        |   | (1,164,870 | ) |
|                                                                                                                                    |   |                                   |        |     |   |   |   |
| Cash                  flows from financing activities:                                                                                  |   |                                   |        |     |   |   |   |
| Proceeds                  from Revolving line of credit                                                                                 |   |                                   | 4,802,008   |     |   | - |   |
| Principal                  payments on capital lease obligation                                                                         |   |                                   | (423,377    | )        |   | (235,230 | ) |
| Principal                  payment on notes payable                                                                                     |   |                                   | (10,971,091 | )        |   | (2,000,000 | ) |
| Proceeds                  from convertible note                                                                                         |   |                                   | 9,515,825   |     |   | - |   |
| Proceeds                  from issuance of common stock                                                                                 |   |                                   | 1,363,624   |     |   | - |   |
| Financing                  costs related to bank agreement                                                                              |   |                                   | (2,795,682  | )        |   | (289,535 | ) |
| Issuance                  costs on common stock                                                                                         |   |                                   | (316,072    | )        |   | - |   |
| Proceeds                  from financing of equipment                                                                                   |   |                                   | -           |     |   | 1,067,518 |   |
| Proceeds                  from exercise of options and warrants                                                                         |   |                                   | -           |     |   | 19,267 |   |
| **Net                  cash provided by/(used in) financing activities**                                                                |   |                                   | 1,175,235   |     |   | (1,437,980 | ) |
|                                                                                                                                    |   |                                   |        |     |   |   |   |
| Net                  decrease in cash and cash equivalents                                                                              |   |                                   | (409,694    | )        |   | (5,346,530 | ) |
|                                                                                                                                    |   |                                   |        |     |   |   |   |
| Cash                  and cash equivalents at beginning of period                                                                       |   |                                   | 2,151,238   |     |   | 9,273,206 |   |
|                                                                                                                                    |   |                                   |             |     |   |  |   |
| Cash                  and cash equivalents at end of period                                                                             |   | $                                      | 1,741,544   |     | $      | 3,926,676 |   |
|                                                                                                                                    |   |                                   |             |     |   |  |   |
| **Supplemental                  disclosures of cash flow information:**                                                                 |   |                                   |             |     |   |  |   |
|                                                                                                                                    |   |                                   |             |     |   |   |   |
| Cash                  paid during the period for:                                                                                       |   |                                   |        |     |   |   |   |
| Interest                                                                                                                                |   | $                                      | 1,293,686   |     | $      | 1,493,440 |   |
| Income                  taxes                                                                                                           |   | $                                      | 23,975      |     | $      | 265,553 |   |
|                                                                                                                                    |   |                                   |        |     |   |   |   |
| **Supplemental                  schedule of noncash investing and financing                  activities:**                              |   |                                   |        |     |   |   |   |
|                                                                                                                                    |   |                                   |             |     |   |   |   |
| Notes                  payable and capital lease obligations incurred in the acquisition                  of                  equipment |   | $                                      | 171,650     |     | $      | - |   |
|                                                                                                                                    |   |                                   |        |     |   |   |   |
| Purchase                  Price Adjustment                                                                                              |   | $                                      | -           |     | $      | 300,000 |   |
|                                                                                                                                    |   |                                   |        |     |   |   |   |
| Value                  of warrants issued in conjuction with convertible note                                                           |   | $                                      | 6,643,022   |     | $      | - |   |

**See      Notes to Condensed Consolidated Financial Statements**

----

**Notes      to Condensed Consolidated Financial Statements**

**Note      1 - Business and Basis of Presentation**

*TCI*

*Interboro.*

*PSB.*

----

----

**Note      2 - Stockholders’ Equity**

*Common      stock*

*Stock      split*

*Earnings      per share*

----

|                                                                                                    |   | **Three                  months ended****September                  30,** |       | **Nine                  months ended****September                  30,** |   |
|---------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|------------|--------------------------------------------------------------------------|--------|
|                                                                                                    |   | **2007**                                                                  |       | **2006**                                                                 |   | **2007** |   | **2006** |   |
|                                                                                                    |   |                                                                      |       |                                                                     |   |   |   |   |   |
| Basic                  weighted average number of common shares outstanding                             |   |                                                                      | 5,111,761  |                                                                     |   | 4,152,722 |   |   | 4,647,315 |   |   | 4,147,213 |   |
|                                                                                                    |   |                                                                      |            |                                                                     |   |   |   |   |   |   |   |   |   |
| Effect                  of assumed exercise of outstanding options*                                     |   |                                                                      | -          |                                                                     |   | - |   |   | - |   |   | - |   |
|                                                                                                    |   |                                                                      |            |                                                                     |   |   |   |   |   |   |   |   |   |
| Effect                  of assumed exercise of outstanding warrants*                                    |   |                                                                      | -          |                                                                     |   | - |   |   | **-** |   |   | - |   |
|                                                                                                    |   |                                                                      |            |                                                                     |   |   |   |   |   |   |   |   |   |
| Effect                  of assumed exercise of outstanding convertible notes*                           |   |                                                                      | -          |                                                                     |   | - |   |   | **-** |   |   | - |   |
|                                                                                                    |   |                                                                      |            |                                                                     |   |   |   |   |   |   |   |   |   |
| Diluted                  weighted average number of shares of common stock                  outstanding |   |                                                                      | 5,111,761  |                                                                     |   | 4,152,722 |   |   | 4,647,315 |   |   | 4,147,213 |   |
|                                                                                                    |   |                                                                      |            |                                                                     |   |  |   |   |   |   |   |   |   |
| Restricted                  shares, options and warrants not included above                             |   |                                                                      | 11,852,976 |                                                                     |   | 783,775 |   |   | 11,852,976 |   |   | 783,775 |   |

*Stock      options and warrants *

----

----

|                                               |   | **Three                months ended****September                30,** |                   | **Nine                months ended****September                30,** |   |
|----------------------------------------------------|--------|-----------------------------------------------------------------------|------------------------|----------------------------------------------------------------------|--------|
|                                               |   | **2007**                                                              |                   | **2006**                                                             |   | **2007** |   | **2006** |   |
|                                               |   |                                                                  |                   |                                                                 |   |   |   |   |   |
| Risk                free interest rate             |   |                                                                  | 4%                     |                                                                 |   | 5% |   |   | 4% |   |   | 5% |   |
|                                               |   |                                                                  |                   |                                                                 |   |   |   |   |   |   |   |   |   |
| Expected                volatility of common stock |   |                                                                  | 90%                    |                                                                 |   | 92% |   |   | 90% |   |   | 92% |   |
|                                               |   |                                                                  |                   |                                                                 |   |  |   |   |   |   |   |   |   |
| Dividend                yield                      |   |                                                                  | 0%                     |                                                                 |   | 0% |   |   | 0% |   |   | 0% |   |
|                                               |   |                                                                  |                   |                                                                 |   |  |   |   |   |   |   |   |   |
| Expected                option term                |   |                                                                  | 5                years |                                                                 |   | 4                years |   |   | 5                years |   |   | 4                years |   |

|                                                                  |   | **Number                  of shares** |      |  **Weighted-                  Average Exercise Price per Share** |   |  **Weighted-Average                  Remaining Contractual Term****(in                  years)** |   |  **Aggregate                  Intrinsic Value** |   |
|-----------------------------------------------------------------------|--------|---------------------------------------|-----------|-----------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------|--------|
| Options                  outstanding at December 31, 2006             |   |                                  | 377,246   |                                                                  | $      | 3.06                                                                                                  |   |                                                 |   |   |   |   |   |
| Options                  granted                                      |   |                                  | 2,631,224 |                                                                  |   | 1.68                                                                                                  |   |                                                 |   |   |   |   |   |
| Options                  surrendered and cancelled                    |   |                                  | (322,161  | )                                                                     |   | 3.00                                                                                                  |   |                                                 |   |   |   |   |   |
| Options                  outstanding at September 30, 2007            |   |                                  | 2,686,309 |                                                                  | $      | 1.74                                                                                                  |   |                                                 | 5.20   |   | $ | 459,000 |   |
| Options                  vested and exercisable at September 30, 2007 |   |                                  | 1,484,380 |                                                                  | $      | 1.74                                                                                                  |   |                                                 | 5.20   |   | $ | 226,000 |   |

----

|                                                      |   | **Number                  of shares** |       |  **Weighted-                  Average Exercise Price per Share** |   | **Weighted-                  Average Remaining Contractual Term****(in                  years)** |   |
|-----------------------------------------------------------|--------|---------------------------------------|------------|-----------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------|--------|
| Options                  outstanding at December 31, 2006 |   |                                  | 127,012    |                                                                  | $      | 3.09                                                                                             |   |   |   |   |
| Options                  granted                          |   |                                  | 2,631,224  |                                                                  |   | 1.68                                                                                             |   |   |   |   |
| Options                  vested                           |   |                                  | (1,440,813 | )                                                                     |   | 1.70                                                                                             |   |   |   |   |
| Options                  surrendered and cancelled        |   |                                  | (115,495   | )                                                                     |   | 3.00                                                                                             |   |   |   |   |
| Non-vested                  options at September 30, 2007 |   |                                  | 1,201,929  |                                                                  | $      | 1.58                                                                                             |   |   | 5.20 |   |

**Note      3 - Revenue Recognition**

**Note      4 - Notes Payable**

----

|   | · | The                maturity date of the revolver and term loan is April 1,                2009. |
|--------|--------|-------------------------------------------------------------------------------------------------|

|   | · | The                interest rate on the revolver and term loan is, at EVCI’s option, prime +                2.75% or LIBOR +4%. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The                term loan amortizes with four quarterly payments of $750,000 that                commenced September 30, 2007. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | · | Financial                covenants were either eliminated or                reset. |
|--------|--------|------------------------------------------------------------------------------------|

|   | · | Restrictions                on the payment of dividends were not                changed. |
|--------|--------|------------------------------------------------------------------------------------------|

**Note      5 - ComVest Financing**

----

----

|                                                                                              |   | **September                30, 2007** |         |
|---------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------------|
|                                                                                              |   |                                  |         |
| Notes                                                                                             |   | $                                     | 9,785,000    |   |
|                                                                                              |   |                                  |         |   |
| Fair                value of Warrants (recorded as capital in excess of par                value) |   |                                  | (6,643,000   | ) |
|                                                                                              |   |                                  |         |   |
| Accretion                of debt discount (recorded as interest expense)                          |   |                                  | 902,000      |   |
|                                                                                              |   |                                  |    |   |
| Recorded                value of Notes                                                            |   | $                                     | 4,044,000    |   |

**Note      6 - Regulatory Matters**

*U.S.      Department of Education program review - ATB rescoring project*

----

*OIG      audit*

*OIG      inquiry*

*ATB      test change*

----

|   | · | increasing                marketing efforts to enlarge the applicant                pool. |
|--------|--------|-------------------------------------------------------------------------------------------|

|   | · | increasing                efforts to provide students with more tutoring in math, English and                reading skills in preparation for the ATB                test. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | increasing                efforts to attract a higher percentage of high school graduates and                students with GEDs. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------|

|   | · | increasing                English as second language course offerings to attract additional                students. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------|

*Compliance      audit*

*Department      of Justice notice*

----

**Note      7 - Re-opening of Yonkers site**

**Note      8 - Subsequent event **

**Item      2. Management’s Discussion and Analysis of Financial Condition and Results of      Operations**

**Overview      and critical accounting policies**

*Third*
*      q*
*uarter      developments and subsequent event*

|   | · | Fall                2007 enrollments were approximately as                follows: |
|--------|--------|------------------------------------------------------------------------------------|

** **
**,**

|   | · | EVCI’s                stockholders approved all six management proposals at our annual                meeting                as described in Part II, Item 4 of this                report. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | The                class action securities litigation and related stockholder derivative                action were terminated as described in Part II, Item 1 of this                Report. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The                NASDAQ Listing Qualifications Panel granted EVCI’s request for continued                listing on the NASDAQ Capital Market, subject to EVCI implementing                a                reverse split of its common stock sufficient to cause the closing                bid                price to remain at or above $1.00 per share for at least 10 consecutive                trading days prior to September 14, 2007. We effected a one-for-three                reverse stock split, and as a result regained compliance with NASDAQ’s                continued listing requirements. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The                U.S. Department of Education’s program review determination relating to                Interboro’s rescoring of ATB tests is discussed in Note 6 of Notes to                Condensed Consolidated Financial Statements and below in Risk                Factors. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The                recent enactment of New York Regents’ rules regarding the federally                approved ATB exams and the passing scores that can be used to qualify                for                New York financial aid are discussed in Note 6 of Notes to Condensed                Consolidated Financial Statements and below in Risk                Factors. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | A                possible civil suit by the U.S. Department of Justice against Interboro                is                discussed in Note 6 of Notes to Condensed Consolidated Financial                Statements and below in Risk                Factors. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | EVCI’s                failure to meet the DOE’s standards of financial responsibility is                discussed in Note 6 of Notes to Condensed Consolidation Financial                Statements and below in Risk                Factors. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*Revenue      recognition*

*Goodwill      and other intangible assets*

----

*SFAS      No. 123R*

*Income      taxes*

----

*Niche      market*

*Marketing*

| **Period**                             | **Semester** |
|----------------------------------------|--------------|
|                                   |         |
| June                through September  | Fall         |
| October                through January | Spring       |
| February                through May    | Summer       |

*Enrollments*

** **

|   |   | **2007** |   | **2006** |   | **2005** |   | **2004** |   |
|--------|--------|----------|--------|----------|--------|----------|--------|----------|--------|
|   |   |     |   |     |   |     |   |     |   |
| Spring |   |     | 6,145  |     |   | 6,160    |   |     | 3,700  |   |   | 2,800 |   |
| Summer |   |     | 4,160  |     |   | 4,140    |   |     | 2,650  |   |   | 1,975 |   |
| Fall   |   |     | 6,195  |     |   | 6,090    |   |     | 7,600  |   |   | 3,900 |   |
|   |   |     | 16,500 |     |   | 16,390   |   |     | 13,950 |   |   | 8,675 |   |

----

*Accelerated      TAP*

*Growth      and capacity*

*Seasonality      *

*Billing      and collections*

----

*Cost      of revenue*

*Other      salaries and all benefits*

*Re-opening      of Yonkers site*

**Comparison      of the three months ended September 30, 2007 and 2006**

----

|                                                                |   | **Three                months ended****September                30,** |   |
|---------------------------------------------------------------------|--------|-----------------------------------------------------------------------|--------|
|                                                                |   | **2007**                                                              |   | **2006** |   |
| Total                revenue                                        |   |                                                                  | 100.0  | % |   | 100.0 | % |
|                                                                |   |                                                                  |   |   |   |  |   |
| Cost                of revenue                                      |   |                                                                  | 44.2   |   |   | 47.5 |   |
| Selling,                general and administrative expenses         |   |                                                                  | 101.1  |   |   | 90.4 |   |
| Gain                on accrued liability related to closed facility |   |                                                                  | (12.2  | ) |   | -- |   |
| Loss                on settlement of tuition disallowances          |   |                                                                  | --     |   |   | 22.0 |   |
| Total                operating expenses                             |   |                                                                  | 133.1  |   |   | 159.9 |   |
| Loss                before provision for income taxes               |   |                                                                  | 44.6   |   |   | 64.4 |   |
| Net                loss                                             |   |                                                                  | 44.6   | % |   | 64.4 | % |

----

|                                 |   | **September                30, 2007**  |   |
|--------------------------------------|--------|---------------------------------------------|--------|
|                                 |   | **Interboro**                               |   | **TCI** |   | **PSB** |   | **Total** |   |
|                                 |   |                                        |   |   |   |   |   |   |   |
| Adjunct                instructors   |   |                                        | 80     |   |   | 92 |   |   | 11 |   |   | 183 |   |
| Full-time                instructors |   |                                        | 59     |   |   | 67 |   |   | 11 |   |   | 137 |   |
| Tutors                and Testers    |   |                                        | 22     |   |   | 10 |   |   | 0 |   |   | 32 |   |
| Admissions                staff      |   |                                        | 28     |   |   | 28 |   |   | 5 |   |   | 61 |   |
| Deans                and staff       |   |                                        | 8      |   |   | 26 |   |   | 1 |   |   | 35 |   |
| Academic                advisors     |   |                                        | 11     |   |   | 5 |   |   | 6 |   |   | 22 |   |
| Librarians                           |   |                                        | 8      |   |   | 5 |   |   | 0 |   |   | 13 |   |
| Total                                |   |                                        | 216    |   |   | 233 |   |   | 34 |   |   | 483 |   |

|                                            |   | **Three                months ended September 30,** |   |
|-------------------------------------------------|--------|-----------------------------------------------------|--------|
|                                            |   | **2007**                                            |   | **2006** |   |
| Salaries                and benefits            |   |                                                | 29.3   | % |   | 28.8 | % |
| Marketing                                       |   |                                                | 20.7   |   |   | 15.4 |   |
| Depreciation                and amortization    |   |                                                | 5.1    |   |   | 5.5 |   |
| Professional                and consulting fees |   |                                                | 3.7    |   |   | 4.6 |   |
| Non                cash compensation            |   |                                                | 8.6    |   |   | 3.8 |   |
| Other                expenses                   |   |                                                | 33.7   |   |   | 32.3 |   |
| Total                                           |   |                                                | 101.1  | % |   | 90.4 | % |

----

** **

** **

** **
** **

**Comparison      of the nine months ended September 30, 2007 and 2006**

----

|                                                                  |   | **Nine                  months ended September 30,** |   |
|-----------------------------------------------------------------------|--------|------------------------------------------------------|--------|
|                                                                  |   | **2007**                                             |   | **2006** |   |
| Total                  revenue                                        |   |                                                 | 100.0  | % |   | 100.0 | % |
|                                                                  |   |                                                 |        |   |   |   |   |
| Cost                  of revenue                                      |   |                                                 | 38.8   |   |   | 39.8 |   |
| Selling,                  general and administrative expenses         |   |                                                 | 78.6   |   |   | 78.7 |   |
| Gain                  on accrued liability related to closed facility |   |                                                 | (3.5   | ) |   | -- |   |
| Loss                  on settlement of tuition disallowance           |   |                                                 | --     |   |   | 5.9 |   |
| Total                  operating expenses                             |   |                                                 | 113.9  |   |   | 124.4 |   |
| Loss                  before provision for income taxes               |   |                                                 | 20.7   |   |   | 27.3 |   |
| Net                  loss                                             |   |                                                 | 20.7   | % |   | 27.4 | % |

----

|                                            |   | **Nine                months ended****September                30,** |   |
|-------------------------------------------------|--------|----------------------------------------------------------------------|--------|
|                                            |   | **2007**                                                             |   | **2006** |   |
| Salaries                and benefits            |   |                                                                 | 27.2   | % |   | 29.2 | % |
| Marketing                                       |   |                                                                 | 13.4   |   |   | 11.3 |   |
| Depreciation                and amortization    |   |                                                                 | 4.4    |   |   | 4.7 |   |
| Professional                and consulting fees |   |                                                                 | 3.4    |   |   | 4.2 |   |
| Non                cash compensation            |   |                                                                 | 3.1    |   |   | 3.0 |   |
| Other                expenses                   |   |                                                                 | 27.1   |   |   | 26.3 |   |
| Total                                           |   |                                                                 | 78.6   | % |   | 78.7 | % |

----

**Financial      Condition, Liquidity and Capital Resources**

**,**

----

----

|                                              |   | Payments                due by period(in                thousands of dollars) |   |
|---------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|
|                                              |   |  Total                                                                   |   | Less                thanOne                year |   | 1-3Years |   | 4-5years |   | More                than5                years |   |
| Line                of credit                     |   | $                                                                             | 4,802  |   | $ | 4,802 |   | $ | -- |   | $ | -- |   | $ | -- |   |
| Long-term                debt                     |   |                                                                          | 3,093  |   |   | 2,388 |   |   | 705 |   |   | -- |   |   | -- |   |
| Capital                leases                     |   |                                                                          | 211    |   |   | 169 |   |   | 42 |   |   | -- |   |   | -- |   |
| Convertible                note                   |   |                                                                          | 9,785  |   |   | -- |   |   | 9,785 |   |   | -- |   |   | -- |   |
| Operating                leases                   |   |                                                                          | 40,220 |   |   | 6,161 |   |   | 17,721 |   |   | 8,739 |   |   | 7,599 |   |
| Total                contractual cash obligations |   | $                                                                             | 58,111 |   | $ | 13,520 |   | $ | 28,253 |   | $ | 8,739 |   | $ | 7,599 |   |

**Item      3. Quantitative and Qualitative Disclosures about Market      Risk**

*Interest      rate risk*

**Item      4. Controls and procedures**

**Disclosure      controls and procedures**

----

**PART      II**

**OTHER      INFORMATION**

**Item      1. Legal Proceedings**

**Item      1A. Risk Factors**

**Forward-looking      statements and Risk Factors **

----

**A      failure by any of our colleges to comply with extensive federal and state      regulations could have a material adverse impact on its ability to operate      and      grow.**

**Adverse      changes in the rules governing TAP disbursements could materially impede      Interboro’s and TCI’s ability to operate**

**Recent      changes in Ability to Benefit test regulations could adversely impact EVCI      revenues and results.**

----

|   | · | increasing                marketing efforts to enlarge applicant                pool. |
|--------|--------|---------------------------------------------------------------------------------------|

|   | · | increasing                efforts to provide students with more tutoring in math, English and                reading skills. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------|

|   | · | increasing                efforts to attract a higher percentage of high school graduates and                students with GEDs. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------|

|   | · | Increasing                English as second language course offerings to attract additional                students. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------|

**The      amount and timing of TAP disbursements could materially impede the ability      of      Interboro and TCI to operate.**

**Interboro      may be subject to even more severe action by SED if it is not able to achieve      a      65% persistence rate or to implement other required changes at Interboro to      SED’s satisfaction.**

**Adverse      changes in the rules governing, or the amount or timing of, Pell program      disbursements could materially impede our colleges’ ability to      operate.**

**Title      IV program reviews, audits and inquiries of Interboro and TCI could result      in      their becoming ineligible to participate in the Title IV program, or TAP or      being required to make material refunds of Title IV and TAP funds and/or pay      penalties and EVCI being required to reduce its operating income by the amount      of those refunds and payments. **

*DOE      program review - ATB rescoring project*

----

*OIG      audit*

*Compliance      audit*

*OIG      inquiry*

----

**Our      failure to satisfy specific financial responsibility standards established      by      federal and state regulators or the non-governmental agencies that accredit      our      schools could have a material adverse effect on us. **

|   | · | equity                ratio, which measures the institution’s capital resources, ability to                borrow and financial viability |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | primary                reserve ratio, which measures the institution’s ability to support current                operations from expendable resources                and |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | net                income ratio, which measures the institution’s ability to operate at a                profit. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------|

**.      **
** **

----

**Actual      or threatened investigations or legal proceedings against us or any of our      colleges by regulatory agencies or private parties could have a material adverse      effect on our business.**

----

**We      face several risks if we are unable to implement modifications to our business      and obtain additional financing.**

|   | · | If                given the time, we may need to sell one or more of our colleges under                distress circumstances. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------|

|   | · | If                we do not cure the current net worth covenant default to Harris N.A.                or                are otherwise in default under the secured debt agreements with Harris                N.A. and ComVest, the lenders would have the right to accelerate                the due                dates of their loans and foreclose on our assets, subject to the                terms of                their intercreditor agreement and to regulatory and accreditor                requirements relating to a change of                control. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | The                regulators and accreditors of our colleges could take action that                limits                or requires a cessation of their                operations. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Doubt                could be raised about our ability to continue our                operations. |
|--------|--------|---------------------------------------------------------------------------------------------------|

**A      future TAP audit could result in Interboro or TCI being required to make      material refunds of TAP and Pell grants and EVCI being required to reduce its      operating income by the full amount of those refunds.**

**Over      the longer term, we expect enrollments at, and earnings of, our colleges to      grow      at a much slower rate than prior to 2006.**

**If      Interboro is unable to improve its graduation rate to levels SED deems      acceptable, the Board of Regents may deny or adversely condition Interboro’s      reaccreditation.**

**A      new TAP requirement relating to accelerated study could have a material adverse      impact on our revenue and retention and graduation rates.**

**The      capital and operating costs of implementing agreements with SED, in response      to      SED’s recommendations, could significantly exceed the estimates we have made to      date.**

**Our      margins may continue to erode if the maximum federal and state grants and loans      do not increase over time.**

**The      seasonality of our enrollments produces significant variations in our results      from quarter to quarter.**

**The      liquidity of our common stock and our ability to raise additional capital when      we may need it most will be adversely affected by a delisting of our common      stock from the NASDAQ Capital Market. **

----

|   | · | the                liquidity of our common stock would be impaired, not only in the                number of                shares that could be bought and sold and lower prices for them, but                also                through delays in the timing of transaction and reduction in security                analysts’ and the news media’s coverage of                us. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | these                trading factors would also make our common stock materially less                attractive to potential sources of financing that we may require                in                connection with a refinancing or repayment of our bank                debt. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Provisions      of laws or regulations, our certificate of incorporation and by-laws and the      terms of the ComVest Financing discourage takeover attempts by any party except,      perhaps, ComVest.**

**The      loss of the services of key management personnel could have a material adverse      effect on our operations and growth. **

**Our      business and results could materially suffer if we improperly balance or divert      resources from our operations to making acquisitions or if we make acquisitions      that do not meet our expectations.  **

**If      the operation of a college’s computer system is adversely affected by computer      viruses that are not recognized by available anti-virus software, or for any      other reason, its ability to operate could be severely      impaired.**

**Terrorist      activity, or the threat of it, in the New York Metropolitan area could adversely      affect Interboro and TCI.**

**Interboro’s      inability to foster and maintain relationships with community organizations      in      the communities where its college sites are located could adversely affect      those      sites.**

**The      change in ownership of our common stock as the result of the ComVest Financing      will substantially limit the utilization of our net operating loss      carryforwards.**

**Actual      or potential future sales of shares of our common stock by management could      have      an adverse effect on the market price of our common stock.**

**Our      share price has ranged greatly since we went public and may be very volatile      in      the future.**

**Our      classified board limits stockholder voting for election and removal of      directors.**

**Indemnification      and limitation of liability of our officers and directors may insulate them      from      accountability to stockholders at substantial cost to us.**

**Item      4.**
**      Submission of Matters to a Vote of Security Holders**

----

| Name                               | Votes                for | Votes                Against/Withheld |
|------------------------------------|--------------------------|---------------------------------------|
| Dr.                John J. McGrath | 12,829,582               | 403,424                               |
| Inder                Tallur        | 12,760,712               | 472,294                               |
| Brian                H. Fluck      | 12,885,202               | 347,804                               |

| Votes                for | Votes                against | Abstained |
|--------------------------|------------------------------|-----------|
| 9,007,886                | 730,549                      | 66,718    |

| Votes                for | Votes                against | Abstained |
|--------------------------|------------------------------|-----------|
| 8,364,570                | 898,086                      | 71,018    |

| Votes                for | Votes                against | Abstained |
|--------------------------|------------------------------|-----------|
| 12,181,406               | 1,003,308                    | 48,292    |

| Votes                  for | Votes                  against | Abstained |
|----------------------------|--------------------------------|-----------|
| 7,499,849                  | 2,194,486                      | 110,818   |

| Votes                for | Votes                against | Abstained |
|--------------------------|------------------------------|-----------|
| 13,049,534               | 144,637                      | 38,835    |

**Item      5. Other Matters**

*TCI      Union Agreement*

----

*By-Law      Amendment - Uncertificated Shares*

**Item      6. Exhibits **

| Exhibit                No.* |     | Description                of Exhibit                                                                                                                                                |
|-----------------------------|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                        |     |                                                                                                                                                                                 |
| 3.1[1]                 |  -- | Certificate                of Incorporation of the Registrant.                                                                                                                       |
|                        |     |                                                                                                                                                                                 |
| 3.2[1]                 |  -- | Certificate                of Merger of Educational Video Conferencing, Inc. (a New York Corporation)                into the Registrant (a Delaware Corporation).                   |
|                        |     |                                                                                                                                                                                 |
| 3.3[1]                 |  -- | Certificate                of Correction of the Certificate of Incorporation of the                Registrant.                                                                       |
|                        |     |                                                                                                                                                                                 |
| 3.4[3]            |  -- | Certificate                of Amendment, dated February 22, 1999, to Certificate of Incorporation                of                the Registrant.                                   |
|                        |     |                                                                                                                                                                                 |
| 3.5**                  |  -- | Amended                and Restated By-Laws of the Registrant, effective November 15,                2007.                                                                           |
|                        |     |                                                                                                                                                                                 |
| 3.6[5]                 |  -- | Certificate                Eliminating Reference to Series A 7.5% Convertible Preferred Stock                from                the Certificate of Incorporation of the Registrant. |
|                        |     |                                                                                                                                                                                 |
| 3.7[16]                |  -- | Certificate                of Amendment, dated May 23, 2002, to Certificate of Incorporation                of the                Registrant.                                        |
|                        |     |                                                                                                                                                                                 |
| 3.8[5]                 |  -- | Certificate                Eliminating Reference to Series B 7% Convertible Preferred Stock                from the                Certificate of Incorporation of the Registrant.   |
|                        |     |                                                                                                                                                                                 |
| 3.9[5]                 |  -- | Certificate                Eliminating Reference to Series C 8% Convertible Preferred Stock                from the                Certificate of Incorporation of the Registrant.   |
|                        |     |                                                                                                                                                                                 |
| 3.10[20]               |  -- | Certificate                of Amendment, filed August 9, 2004, to Certificate of Incorporation                of the                Registrant.                                      |
|                        |     |                                                                                                                                                                                 |

----

| 3.11**                            |  -- | Certificate                of Amendment, filed August 24, 2007, to Certificate of Incorporation                of                the Registrant.                                                                                                      |
|-----------------------------------|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                              |     |                                                                                                                                                                                                                                                  |
| 4.2[2]                       |  -- | Form                of Common Stock certificate.                                                                                                                                                                                                      |
|                              |     |                                                                                                                                                                                                                                                  |
| 4.3[4]                       |  -- | Warrant                Agreement, dated January 14, 2000, between the Registrant and Bruce.                R.                Kalisch.                                                                                                                 |
|                              |     |                                                                                                                                                                                                                                                  |
| 4.4[6]                       |  -- | Warrant                Agreement, dated April 18, 2000, between the Registrant and Peter                J.                Solomon Company Limited.                                                                                                    |
|                              |     |                                                                                                                                                                                                                                                  |
| 4.5[7]                       |  -- | Form                of Warrant issued to each seller of shares of ICTS,                Inc.                                                                                                                                                           |
|                              |     |                                                                                                                                                                                                                                                  |
| 4.6[14]                      |  -- | Common                Stock Purchase Warrant issued in September 2003, to purchase 45,000                shares                of the Registrant’s common stock.                                                                                |
|                              |     |                                                                                                                                                                                                                                                  |
| 4.7[17]                      |  -- | Common                Stock Purchase Warrant issued to placement agent on March 29,                2004.                                                                                                                                              |
|                              |     |                                                                                                                                                                                                                                                  |
| 10.1[28]                     |  -- | Amended                and Restated Employment Agreement between the Registrant and Dr.                Arol I.                Buntzman, dated August 12, 2005.                                                                                        |
|                              |     |                                                                                                                                                                                                                                                  |
| 10.2[28]                          |  -- | Amended                and Restated Employment Agreement between the Registrant and Dr.                John J.                McGrath, dated August 12, 2005.                                                                                         |
|                              |     |                                                                                                                                                                                                                                                  |
| 10.3                (a)[9]   |  -- | Employment                Agreement between the Registrant and Richard Goldenberg, dated January                1,                2003.                                                                                                               |
|                              |     |                                                                                                                                                                                                                                                  |
| 10.3                (b)[23]  |  -- | Letter                agreement, dated September 30, 2005, amending Employment Agreement                between                the Registrant and Richard Goldenberg dated January 1,                2003.                                            |
|                              |     |                                                                                                                                                                                                                                                  |
| 10.4[10]                     |  -- | Amended                and Restated 1998 Incentive Stock Option Plan of the                Registrant.                                                                                                                                                |
|                              |     |                                                                                                                                                                                                                                                  |
| 10.5[11]                     |  -- | 2001                Non-Qualified Stock Option Plan.                                                                                                                                                                                                  |
|                              |     |                                                                                                                                                                                                                                                  |
| 10.6[9]                      |  -- | Form                of Change in Control Agreement used for agreements the Registrant                has with                each of Dr. Arol I. Buntzman, Dr. John J. McGrath, and Richard Goldenberg,                dated February 11, 2003.       |
|                              |     |                                                                                                                                                                                                                                                  |
| 10.7[1]                      |  -- | Form                of Indemnification Agreement. [Used for each director and executive                officer of the Registrant.]                                                                                                                    |
|                              |     |                                                                                                                                                                                                                                                  |
| 10.8[4]                      |  -- | Stock                Purchase Agreement, dated January 14, 2000, among Bruce R. Kalisch,                Interboro Holding, Inc. and Interboro Institute, Inc.                                                                                         |
|                              |     |                                                                                                                                                                                                                                                  |
| 10.9[12]                     |  -- | Lease                Agreement between 444 Realty Company and Interboro Institute, Inc.                dated                July 27, 1983, as amended by agreements dated September 20, 1988,                September 1, 1992, and February 1, 1993. |
|                              |     |                                                                                                                                                                                                                                                  |
| 10.10[12]                    |  -- | Lease                Agreement between Interboro Institute, Inc. and JUYI, Inc., dated                January                26, 2001.                                                                                                                |

----

|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
|------------------------------|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.11[8]                |  -- | Promissory                Note for $1,000,000, dated August 4, 2003, payable by Interboro Institute,                Inc. to North Fork Bank.                                                                                                                                                                                                                       |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.12[8]                |  -- | Form                of the Registrant’s Subscription and Registration Rights Agreement                relating to the Registrant’s August 1, 2003 issuance of common stock and                warrants.                                                                                                                                                |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.13[13]               |  -- | Settlement                Agreement, made October 3, 2003, between Amaranth Trading L.L.C.                and the                Registrant.                                                                                                                                                                                                                       |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.14[13]               |  -- | Form                of Share Claim Purchase and Registration Rights Agreement between                the                Registrant and each investor acquiring a portion of the Amaranth                Trading                L.L.C.’s rights to claims to shares of EVCI’s common stock upon conversion                of Series B Preferred shares. |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.15[14]               |  -- | Third                Amendment and Lease Extension Agreement, made as of August 1, 2003,                between 444 Realty Company, L.L.C. and Interboro Institute,                Inc.                                                                                                                                                                            |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.16[15]               |  -- | Ownership                and Registration Rights Agreement, dated November 11, 2003, between                the                Registrant and JLF Partners I, L.P., JLF Partners II, L.P. and JLF                Offshore Fund.                                                                                                                                    |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
|  10.17(a)[16]           |  -- | Employment                Agreement between the Registrant and Joseph D. Alperin datedJanuary                1, 2004.                                                                                                                                                                                                                                              |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.17                (b)[23] |  -- | Letter                agreement, dated September 30, 2005, amending Employment Agreement                between                the Registrant and Joseph D. Alperin dated January 1,                2004.                                                                                                                                                          |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.18[16]               |  -- | Option                Agreement between the Registrant and Joseph D. Alperin dated January                1, 2004.                                                                                                                                                                                                                                                 |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.19[16]               |  -- | Change                of control letter agreement between the Registrant and Joseph D.                Alperin                dated January 1, 2004.                                                                                                                                                                                                                |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.20[16]               |  -- | Agreement,                made February 28, 2004, between Interboro Institute, Inc. and OPEIU                Local                153, AFL-CIO.                                                                                                                                                                                                                    |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.21[17]               |  -- | Securities                Purchase Agreement, dated March 29, 2004, by and among the Registrant                and                each buyer named in the Schedule of Buyers.                                                                                                                                                                                      |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.22[17]               |  -- | Registration                Rights Agreement, dated March 29, 2004, by and among the Registrant                and                each buyer named in the Schedule of Buyers.                                                                                                                                                                                      |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.23[18]               |  -- | Ownership                and Registration Rights Agreement, dated April 2, 2004, by and among                the                Registrant and nine funds managed by Wellington Management Company,                LLP.                                                                                                                                            |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.24[19]               |  -- | 2004                Amended and Restated Incentive Stock Plan                                                                                                                                                                                                                                                                                                      |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.25[20]               |  -- | Form                of Stock Option Agreement (Nonqualified Stock                Option)                                                                                                                                                                                                                                                                           |

----

|                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-------------------------------|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.26[20]                |  -- | Form                of Stock Option Agreement (Nonqualified Stock Option) covering option                grants to executive officers that were approved at the Registrant’s July                27, 2004 stockholders meeting.                                                                                                                                                                                                                             |
|                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.27[21]                |  -- | Lease                made November 17, 2003 between Spruce Spires Associates, LP, and                Interboro                Institute, Inc.                                                                                                                                                                                                                                                                                                                     |
|                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.28                (a)[22]  |  -- | Sublease                for Premises at 37-02 Main Street, Flushing, NY 11354, dated March                28, 2005, between Genking, LLC and Interboro Institute, Inc. with                Exhibit                A and letter agreement, dated April 15, 2005, amending such sublease.                                                                                                                                                                           |
|                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.28                (b)[22]  |  -- | Consent                to Sublease, dated April 22, 2005, among Mehran Enterprises Ltd.,                Futurama                Home Furniture of Queens, Inc., Genking, LLC and Interboro Institute,                Inc.                                                                                                                                                                                                                                         |
|                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.28                (c)[22]  |  -- | Sublease,                dated March 30, 2004, between Futurama Home Furniture of Queens,                Inc. and                Genking, LLC.                                                                                                                                                                                                                                                                                                                    |
|                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.28                (d)[22]  |  -- | Agreement                of Lease, dated March 6, 2001, between Mehran Enterprise Ltd. and                Futurama                Home Furniture of Queens, Inc.                                                                                                                                                                                                                                                                                                  |
|                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.29                [24]     |  -- | Stock                Purchase Agreement, dated September 30, 2005, among EVCI Career Colleges                Holding Corp., Technical Career Institutes, Inc., East Coast Training                Services of Delaware, Inc., East Coast Capital Corp. and North American                Training Services, Inc., with Exhibits (Schedules will be provided                supplementally to the Securities and Exchange Commission upon                request). |
|                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.30(a)[25]                  |  -- | Loft                Lease dated as of September 1, 2004 between Getty Square Partners                LLC and                Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                             |
|                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.30(b)[25]                  |  -- | Letter                agreement dated August 18, 2004 between Getty Square Partners LLC                and                Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                               |
|                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.30(c)[25]                  |  -- | First                Amendment to Lease dated as of July 14, 2005 between Getty Square                Partners                LLC and Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                   |
|                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.31[28]                     |  -- | 2004                Amended and Restated Incentive Stock Plan Restricted Stock Award                Agreement, dated August 12, 2005, between the Registrant and Dr.                Arol I.                Buntzman.                                                                                                                                                                                                                                              |
|                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.32[28]                     |  -- | 2004                Amended and Restated Incentive Stock Plan Restricted Stock Award                Agreement, dated August 12, 2005, between the Registrant and Dr.                John J.                McGrath.                                                                                                                                                                                                                                               |
|                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.33                (a)[26]  |  -- | Credit                Agreement, dated as of September 16, 2005, among the Registrant,                the                Guarantors from time-to-time parties thereto, the lenders from                time-to-time parties thereto and Harris N.A.                                                                                                                                                                                                               |
|                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.33                (b) [28] |  -- | First                Amendment to Credit Agreement , dated as of November 10, 2005, between                the                Registrant and Harris, N.A.                                                                                                                                                                                                                                                                                                         |

----

|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|------------------------------------|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.34                [26]          |  -- | Security                Agreement, dated as of September 16, 2005, among EVCI and other Debtors                and Harris N.A.                                                                                                                                                                                                                                                                                                                                                                               |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.35                [26]     |  -- | Trademark                Collateral Agreement, dated September 16, 2005, between Technical                Career                Institutes, Inc. and Harris N.A.                                                                                                                                                                                                                                                                                                                                             |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.36                [27]     |  -- | Employment                Agreement, dated as of September 29, 2005, between EVCI andJoseph                J. Looney.                                                                                                                                                                                                                                                                                                                                                                                        |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.37                [27]     |  -- | Change                of control letter agreement, dated September 29, 2005, between EVCI                and                Joseph J. Looney.                                                                                                                                                                                                                                                                                                                                                           |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.38                [28]     |  -- | Lease                Agreement between Brill & Sharma Equities and Pennsylvania School of                Business for a term commencing June 1, 2005.                                                                                                                                                                                                                                                                                                                                                    |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.39                (a)[28]       |  -- | Net                Lease, dated as of December 19, 1997, between Overtime Properties                LLC and                Technical Career Institutes, Inc.                                                                                                                                                                                                                                                                                                                                                 |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.39                (b)[28]  |  -- | First                Amendment of Lease dated as of October 1, 2002 between Overtime                Properties, LLC and Technical Career Institutes, Inc.                                                                                                                                                                                                                                                                                                                                                    |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.40                (a)[28]       |  -- | Lease,                dated October 11, 1994, between F.H.E.A. Associates and Technical                Career                Institutes, Inc.                                                                                                                                                                                                                                                                                                                                                                |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.40                (b)[28]       |  -- | First                Amendment of Lease, dated January 20, 1995, between F.H.E.A. Associates                and Technical Career Institutes, Inc.                                                                                                                                                                                                                                                                                                                                                            |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|  10.40                (c)[28] |  -- | Second                Modification and Extension of Lease Agreement, dated April 15, 2005,                between Eighth Avenue Limited Liability Company and Technical Career                Institutes, Inc.                                                                                                                                                                                                                                                                                               |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.41                (a)[28]  |  -- | Collective                Bargaining Agreement between Technical Career Institutes, Inc. and                T.O.P.                Local 2110 UAW, AFL-CIO, effective October 10, 1992- October 9, 1995,                and                covering office clerical employees.                                                                                                                                                                                                                                |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.41                (b)[28]       |  -- | Memorandum                of Agreement, dated October 10, 1995, between T.O.P. Local 2110                UAW-AFL-CIO and Technical Career Institutes, Inc., amending collective                bargaining agreement between the parties covering office and clerical                employees, which was effective October 10, 1992- October 9,                1995.                                                                                                                                         |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.41                (c)[28]       |  -- | Memorandum                of Agreement, dated October ____, 1998, between T.O.P. Local 2110                UAW-AFL-CIO and Technical Career Institutes, Inc., amending collective                bargaining agreement between the parties covering office clerical                employees, which was effective from October 10, 1995 through October                9,                1998.                                                                                                                |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.41                (d)[28]       |  -- | Collective                Bargaining Agreement between Technical Career Institutes, Inc. and                T.O.P.                Local 2110 UAW-AFL-CIO effective October 10, 1998-October 9, 2001,                covering instructors, laboratory technicians and maintenance persons                (This                agreement amends and restates the prior collective bargaining agreements                with the instructors, laboratory technicians and maintenance                employees.) |

----

|                             |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|----------------------------------|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.41                (e)[28]     |  -- | Memorandum                of Agreement, dated October 10, 2001, between T.O.P. Local 2110                UAW-AFL-CIO and Technical Career Institutes, Inc., amending (A) collective                bargaining agreement between the parties covering instructors, laboratory                technicians and maintenance employees and (B) collective bargaining                agreement between the parties covering office clerical employees,                each                such prior agreement effective October 10, 1998 through October 9,                2001.                                |
|                             |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.41                (f)[28]     |  -- | Memorandum                of Agreement, dated October 10, 2004, between T.O.P. Local 2110                UAW-AFL-CIO and Technical Career Institutes, Inc., amending (A) collective                bargaining agreement between the parties covering instructors, laboratory                technicians and maintenance employees and (B) collective bargaining                agreement between the parties covering office clerical employees,                each                such agreement effective October 10, 2001 through October 9,                2004.                                      |
|                             |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|  10.41                (g)** |  -- |  Memorandum                of Agreement, dated October 10, 2007, between T.O.P. Local 2110 UAW                -                AFL-CIO and Technical Career Institutes, Inc. amending (A) the collective                bargaining agreement between the parties covering a unit of instructors,                laboratory technicians and maintenance employees; and (B) the collective                bargaining agreement between the parties covering a unit of office                clerical employees, each agreement effective from October 10, 2004,                through October 9, 2007. |
|                             |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.42                [29]        |  -- | Letter                agreement, dated March 1, 2006, between the Registrant and Dr.                John J. McGrath.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                             |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.43                [29]        |  -- | Form                of Restricted Stock Award Agreement for the restricted stock awards                to                participant's in the March 2006 salary reduction plan, including                Dr. John                J. McGrath, Dr. Arol I. Buntzman and Joseph J. Looney, without Annexes                A                and B.                                                                                                                                                                                                                                                             |
|                             |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.44                [29]        |  -- | Employment                Agreement, dated March 1, 2006, between the Registrant andJoseph                D. Alperin.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                             |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.45                [29]        |  -- | Restricted                Stock Award Agreement, dated March 1, 2006, between the Registrant                and                Joseph D. Alperin, without Annex A.                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                             |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.46[34]                        |  -- | Amended                and Restated Credit Agreement dated as of September 16, 2005, amended                and                restated as of March 31, 2007, among EVCI Career Colleges Holding                Corp.,                the Guarantors from time to time parties hereto, and Harris N.A.                as                lender. Schedules will be provided supplementally to the Securities                and                Exchange Commission upon request.                                                                                                                            |
|                             |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.47[35]                        |  -- | First                Amendment, made April 30, 2006, to Amended and Restated Credit Agreement                dated as of September 16, 2005 and amended and restated as of March                31,                2006.                                                                                                                                                                                                                                                                                                                                                                                   |
|                             |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.48[36]                        |  -- | Second                Amendment made June 26, 2006, to Amended and Restated Credit Agreement                dated as of September 16, 2005 and amended and restated as of March                31,                2006.                                                                                                                                                                                                                                                                                                                                                                               |
|                             |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.49[36]                        |  -- | Waiver                Agreement made August 9, 2006 relating to Amended and Restated Credit                Agreement dated September 16, 2005 and amended and restated as of                March                31, 2006.                                                                                                                                                                                                                                                                                                                                                                                 |

----

|                               |   |                                                                                                                                                                                                                                                                                                                                       |
|------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  10.50[37]                    | --     | Letter                Agreement, dated October 24, 2006, between the Registrant andDr.                Arol I. Buntzman.                                                                                                                                                                                                                    |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.51[38]                     | --     | Memorandum                of Agreement dated January 30, 2007 between Office & Professional                Employees International Union, Local 153, AFL-CIO, and Interboro                Institute.                                                                                                                                  |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.52                (a)[39]  | --     | Securities                Purchase Agreement, dated as of April 24, 2007, (the “SPA”) between the                Registrant and ComVest Investment Partners III, L.P. (“ComVest”).                Schedules will be provided supplementally to the Securities and Exchange                Commission upon request. |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.52                (b)[39]  | --     | Exhibit                A to Securities Purchase Agreement:  Form of ComVest Secured                Convertible Promissory .                                                                                                                                                                                                           |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.52                (c)[39]  | --     | Exhibit                C to Securities Purchase Agreement: Form of Intercreditor                Agreement.                                                                                                                                                                                                                            |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.52                (d)[39]  | --     | Exhibit                D to Securities Purchase Agreement: Form of ComVest Registration                Rights Agreement.                                                                                                                                                                                                              |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.52                (e)[39]  | --     | Exhibit                E to Securities Purchase Agreement: Form of Security                Agreement.                                                                                                                                                                                                                                 |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.52                (f)[39]  | --     | Exhibit                F to Securities Purchase Agreement: Form of ComVest                Warrant.                                                                                                                                                                                                                                    |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.53[38]                     | --     | Letter                Agreement regarding employment, dated April 24, 2007, between the                Registrant and Dr. Arol I. Buntzman.                                                                                                                                                                                                |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.53                (a) [40]      | --     | Letter                Agreement, dated as of June 18, 2007, between the Registrant and                Dr. Arol                I. Buntzman correcting and reforming Letter Agreement, dated April                24,                2007, between the Registrant and Dr. Arol I. Buntzman.                                                  |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.54[38]                     | --     | Letter                Agreement regarding employment, dated April 24, 2007, between the                Registrant and Dr. John J. McGrath.                                                                                                                                                                                                 |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.55[38]                     | --     | Letter                Agreement regarding employment, dated April 24, 2007, between the                Registrant and Joseph D. Alperin, Esq.                                                                                                                                                                                              |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.56[38]                     | --     | Employment                Agreement, dated April 24, 2007, between the Registrant and Stephen                Schwartz.                                                                                                                                                                                                                     |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.57                (a)[38]  | --     | Purchase                Agreement, dated April 24, 2007, between the Registrant and Dr. Arol                I.                Buntzman..                                                                                                                                                                                                   |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.57                (b)[38]  | --     | Purchase                Agreement, dated April 24, 2007, between the Registrant and Dr. John                J.                McGrath.                                                                                                                                                                                                     |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.57                (c)[38]  | --     | Purchase                Agreement, dated April 24, 2007, between the Registrant and Joseph                D.                Alperin.                                                                                                                                                                                                       |
|                               |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.57                (d)[38]  | --     | Purchase                Agreement, dated April 24, 2007, between the Registrant and Stephen                Schwartz.                                                                                                                                                                                                                       |

----

|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
|--------------------------------|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.58[38]                 | --       | Form                of Secured Convertible Promissory Note to be issued by Registrant                to each                of Arol I. Buntzman, John J. McGrath, Joseph D. Alperin and Stephen                Schwartz.                                                                                                                                                |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.59[38]                 | --       | Form                of Warrant to be issued by Registrant.                                                                                                                                                                                                                                                                                                              |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.60[38]                 | --       | Registration                Rights Agreement, dated April 24, 2007, among the Registrant and                Arol I.                Buntzman, John J. McGrath, Joseph D. Alperin and Stephen                Schwartz.                                                                                                                                                    |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.61[39]                 | --       | Letter                Agreement, dated April 24, 2007, among ComVest, Dr. Arol I. Buntzman,                Dr.                John J. McGrath, Joseph D. Alperin, Esq. and Stephen                Schwartz.                                                                                                                                                             |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.62[38]                 | --       | Second                Amended and Restated Credit Agreement, dated April 24, 2007, among                the                Registrant, the Guarantors from time to time parties thereto, and                Harris                N.A. as lender. Schedules will be provided supplementally to the                Securities and Exchange Commission upon request. |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.63[38]                      | --       | Pledge                Agreement, dated April 24, 2007, between the Registrant and Harris                N.A.                                                                                                                                                                                                                                                            |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.64[40]                      | --       | Termination                of Change of Control Agreement, effective April 24, 2007, between                the                Registrant and Richard Goldenberg.                                                                                                                                                                                                       |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.65[40]                      | --       | Form                of Convertible Note, Warrant and Purchase Agreement Clarification                Agreement.                                                                                                                                                                                                                                                         |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 31.1**                         |  -- | Certification                of Chief Executive Officer required by Rule 13a-14(a) under the Exchange                Act.                                                                                                                                                                                                                                               |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 31.2**                    |  -- | Certification                of Chief Financial Officer required by Rule 13a-14(a) under the Exchange                Act.                                                                                                                                                                                                                                               |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 32.1**                    |  -- | Certification                of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as                adopted                pursuant to Section 906 of Sarbanes-Oxley Act of 2002.                                                                                                                                                                             |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 32.2**                    |  -- | Certification                of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as                adopted                pursuant to Section 906 of Sarbanes-Oxley Act of 2002.                                                                                                                                                                             |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 99.1[21]                  |  -- | Text                of final report, dated March 7, 2005, detailing the calculation of                the TAP                disallowances resulting from the TAP audit of the 2000-01 through                2002-03                academic years of Interboro Institute, Inc.                                                                                        |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 99.2                [24]  |  -- | Press                Release dated September 30, 2005 related to the announcement of                Exhibit                10.29(a) of this report.                                                                                                                                                                                                                     |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 99.3                [27]       |  -- | Press                release dated October 3, 2005 and captioned “EVCI Career Colleges Hires                Joseph J. Looney to serve as Chief Financial Officer.”                                                                                                                                                                                          |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                    |
| 99.4                [28]  |  -- | Press                Release dated October 19, 2005 and captioned “EVCI Career Colleges                Receives Draft Report of Compliance Review of Interboro                Institute.”                                                                                                                                                                   |

----

|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
|---------------------------|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 99.5[30]                  |  -- | Unaudited                financial statements of Technical Career Institutes, Inc. as of                September                30, 2005 and for the nine months ended September 30, 2005 and 2004,                and                the notes related thereto.                                                                                                                                                   |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.6[30                   |  -- | Audited                financial statements of Technical Career Institutes, Inc. as                ofSeptember                30, 2004 and 2003 and for each of the years in the three-year period                ended                September 30, 2004 and the notes related thereto.                                                                                                                            |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.7                [30]  |  -- | Unaudited                pro forma financial information for the year ended December 31, 2004                and                the nine months ended September 30, 2005 and the notes related thereto.                                                                                                                                                                                                             |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.8                [31]  |  -- | Press                release dated December 5, 2005 and captioned “EVCI Career Colleges                Receives Final Report of Compliance Review of Interboro                Institute.”                                                                                                                                                                                                               |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.9                [31]  |  -- | Draft                Report of Compliance Review of Interboro Institute dated October                7,                2005.                                                                                                                                                                                                                                                                                        |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.10[31]                 |  -- | Response                of Interboro Institute Inc., dated November 3, 2005, to two draft                reports                from the State Education Department of New York.                                                                                                                                                                                                                                    |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.11                [31] |  -- | Letter                dated November 23, 2005 from Stephen H. Adolphus, President of Interboro                Institute, to Joseph P. Frey, Assistant Commissioner- Office of Quality                Assurance, New York State Education Department outlining Interboro                Institute’s revised admissions screening procedures.                                                                   |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.12                [31] |  -- | Letter                dated November 21, 2005 from Steven M. Gombos of Ritzert &                Leyton to Joseph P. Frey, Assistant Commissioner, The State Education                Department outlining the results of the independent investigation                for the                Audit Committee of the Board of Directors of EVCI Career Colleges                Holding                Corp. |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.13                [31] |  -- | Letter                dated December 2, 2005 from Joseph P. Frey, Assistant Commissioner-                Office                of Quality Assurance, the State Education Department of New York                including                attachment titled “State Education Department Analysis of Interboro                Institute’s Response to the Draft Report.”                             |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.14                [32] |  -- | Press                release dated January 13, 2006 and captioned “EVCI Career Colleges Reports                New Student Caps for Interboro’s Spring 2006 Through Spring 2007                Semesters.”                                                                                                                                                                                        |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.15                [32] |  -- | Letter                dated December 19, 2005 with enclosures from the registrant to Joseph                P.                Frey, Assistant Commissioner.                                                                                                                                                                                                                                                          |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.16                [32] |  -- | Letter                dated December 23, 2005 from Johanna Duncan-Poitier, Deputy Commissioner,                to the registrant.                                                                                                                                                                                                                                                                                   |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.17                [32] |  -- | Letter                dated January 4, 2006 with enclosure from the registrant to Johanna                Duncan-Poitier, Deputy Commissioner.                                                                                                                                                                                                                                                                       |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.18                [32] |  -- | Letter                dated January 11, 2006 from Johanna Duncan-Poitier, Deputy Commissioner,                to the registrant.                                                                                                                                                                                                                                                                                    |

----

|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|---------------------------|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 99.19                [33] |  -- | Response                of Interboro Institute to the December 2, 2005 Report from the New                York                State Education Department.                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 99.20                [33] |  -- | Letter                dated February 2, 2006 from the New York State Education Department                to                EVCI.                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 99.21[34]                 |  -- | Interboro                Institute’s Comprehensive Institutional Effectiveness Plan with                transmittal letter from the registrant dated February 22, 2006.                                                                                                                                                                                                                                                                                                                                                                                                         |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 99.22[34]                 |  -- | Letter                dated March 13, 2006 from the New York State Education Department                to the                Registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 99.23[34]                 |  -- | Letter                dated March 14, 2006 from the New York State Education Department                to the                Registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 99.24[34]                 |  -- | Interboro                Institute’s Mid-Point Self Study dated March 28, 2006 (without attachments                with transmittal letter from the Registrant dated March 30,                2006.)                                                                                                                                                                                                                                                                                                                                                                            |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 99.25[38]                 | --       | Report                of a Compliance Review of Interboro Institute June 19-20, 2006 and                October                16-18, 2006; transmittal letter dated March 23, 2007 to Registrant                from                Joseph P. Frey of the New York State Education Department; Ratings                for                Each Checked Standard (for use in assessing the Compliance Review),                and                letter dated January 11, 2006 from Johanna Duncan-Poitier, Deputy                Commissioner, referred to in the Compliance Report). |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 99.26[41]                 | --       | Letter,                dated October 1, 2007, from NASDAQ Listing and Hearing Review                Council.                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 99.27[41]                 | --       | Decision                of NASDAQ Listing Qualification Panel dated August 23,                2007.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

| *  | Numbers                inside brackets indicate documents from which exhibits have been                incorporated by reference. |
|----|-----------------------------------------------------------------------------------------------------------------------------------|
| ** | Filed                herewith.                                                                                                    |

| [1]  | Incorporated                by reference to the Registrant’s Registration Statement on Form SB-2,                filed October                23, 1998, Registration No. 333-66085. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| [2]  | Incorporated                by reference to Amendment No. 4, dated February 10, 1999, to the                Registrant’s Form SB-2, Registration No. 333-66085.                     |
| [3]  | Incorporated                by reference to Registrant’s Form 10-QSB for the quarter ended September                30, 1999.                                                       |
| [4]  | Incorporated                by reference to the Registrant’s Form 8-K dated January 14,                2000.                                                                        |
| [5]  | Incorporated                by reference to the Registrant’s Form 8-K dated October 6,                2000.                                                                         |
| [6]  | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2000.                                                   |
| [7]  | Incorporated                by reference to the Registrant’s Form 8-K dated July 1,                2001.                                                                            |
| [8]  | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003.                                                   |
| [9]  | Incorporated                by reference to the Registrant’s Form 10-KSB for the year ended December                31, 2002.                                                       |
| [10] | Incorporated                by reference to the Registrant’s Registration Statement on Form S-8 filed                December                31, 2002, Registration No. 333-102310. |
| [11] | Incorporated                by reference to the Registrant’s Registration Statement on Form S-8 filed                October 23, 2001, Registration No. 333-72080.                  |
| [12] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003.                                                   |

----

| [13] | Incorporated                by reference to the Registrant’s Form 8-K dated October 10,                2003.                                                                                                                                                              |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| [14] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003.                                                                                                                                         |
| [15] | Incorporated                by reference to Amendment No. 1 to the Registrant’s Registration Statement                on Form                S-3, filed December 4, 2003, Registration No.                333-110567.                                                     |
| [16] | Incorporated                by reference to the Registrant’s Form 10-KSB/A for the year ended December                31, 2003.                                                                                                                                           |
| [17] | Incorporated                by reference to the Registrant’s Form 8-K dated March 29,                2004.                                                                                                                                                                |
| [18] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2004.                                                                                                                                         |
| [19] | Incorporated                by reference to the Registrant’s definitive Proxy Statement dated May 2,                2005.                                                                                                                                                 |
| [20] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2004.                                                                                                                                         |
| [21] | Incorporated                by reference to the Registrant’s Form 10-KSB for the year ended December                31, 2004.                                                                                                                                             |
| [22] | Incorporated                by reference to the Registrant’s Form 8-K dated March 7, 2005.                                                                                                                                                                                |
| [23] | Incorporated                by reference to the Registrant’s Form 10-Q for the quarter ended September                30, 2005.                                                                                                                                           |
| [24] | Incorporated                by reference to the Registrant’s Form 8-K dated July 1, 2005.                                                                                                                                                                                 |
| [25] | Incorporated                by reference to the Registrant’s Form 8-K dated July 18, 2005.                                                                                                                                                                                |
| [26] | Incorporated                by reference to the Registrant’s Form 8-K dated September 16,                2005.                                                                                                                                                            |
| [27] | Incorporated                by reference to the Registrant’s Form 8-K dated September 29,                2005.                                                                                                                                                            |
| [28] | Incorporated                by reference to the Registrant’s Form 10-Q for the quarter ended September                30, 2005.                                                                                                                                           |
| [29] | Incorporated                by reference to the Registrant’s Form 8-K dated March 1,                2006.                                                                                                                                                                 |
| [30] | Incorporated                by reference to the Registrant’s Form 8-K/A dated September 16,                2005.                                                                                                                                                          |
| [31] | Incorporated                by reference to the Registrant’s Form 8-K dated December 5,                2005.                                                                                                                                                              |
| [32] | Incorporated                by reference to the Registrant’s Form 8-K dated January 12,                2006.                                                                                                                                                              |
| [33] | Incorporated                by reference to the Registrant’s Form 8-K dated February 3,                2006.                                                                                                                                                              |
| [34] | Incorporated                by reference to the Registrant’s Form 10-K filed March 31,                2007.                                                                                                                                                               |
| [35] | Incorporated                by reference to the Registrant’s Form 10-Q for the quarter ended March 31,                2006.                                                                                                                                          |
| [36] | Incorporated                by reference to the Registrant’s Form 10-Q for the quarter ended June 30,                2006.                                                                                                                                                |
| [37] | Incorporated                by reference to the Registrant’s Form 8-K dated October 26,                2006.                                                                                                                                                              |
| [38] | Incorporated                by reference to the Registrant’s Form 10-K filed April 27,                2007. Please note that Exhibits 10.57(a), 10.57(b), 10.57(c) and                10.57(d) have been included together as Exhibit 10.57 on                Edgar. |
| [39] | Incorporated                by reference to the Registrant’s Form 10-K/A, Amendment No. 2, filed May                23, 2007.                                                                                                                                             |
| [40] | Incorporated                by reference to the Registrant’s Form 10-K/A, Amendment No. 3, filed                August 10, 2007.                                                                                                                                          |
| [41] | Incorporated                by Reference to the Registrant’s Form 8-K dated October 1,                2007.                                                                                                                                                               |

----

**SIGNATURES**

|   |                                                                                                     |                                                                                              |
|--------|----------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|
|   | EVCI                CAREER COLLEGES HOLDING CORP.                                                        |
|   |                                                                                                     |                                                                                              |
|   | By:                                                                                                 | /s/ Dr.                John J. McGrath                                                       |
|   |                                                                                                     |  Dr.                John J. McGrath                                                          |
|   |                                                                                                     | Chief                Executive Officer and President (Principal                Executive Officer) |
|   |                                                                                                     |                                                                                              |
|   | By:                                                                                                      | /s/                Stephen Schwartz                                                               |
|   | Stephen                Schwartz                                                                          |
|   | Chief                Financial Officer (Principal                Financial and Accounting Officer)  |

----

**EXHIBIT      INDEX**

| Exhibit                No.* |     | Description                of Exhibit                                                                                                                                                |
|-----------------------------|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                        |     |                                                                                                                                                                                 |
| 3.1[1]                      | --       | Certificate                of Incorporation of the Registrant.                                                                                                                       |
|                        |     |                                                                                                                                                                                 |
| 3.2[1]                      | --       | Certificate                of Merger of Educational Video Conferencing, Inc. (a New York Corporation)                into the Registrant (a Delaware Corporation).                   |
|                        |     |                                                                                                                                                                                 |
| 3.3[1]                      | --       | Certificate                of Correction of the Certificate of Incorporation of the                Registrant.                                                                       |
|                        |     |                                                                                                                                                                                 |
| 3.4[3]                      | --       | Certificate                of Amendment, dated February 22, 1999, to Certificate of Incorporation                of                the Registrant.                                   |
|                        |     |                                                                                                                                                                                 |
| 3.5**                       | --       | Amended                and Restated By-Laws of the Registrant, effective November 15,                2007.                                                                           |
|                        |     |                                                                                                                                                                                 |
| 3.6[5]            | --       | Certificate                Eliminating Reference to Series A 7.5% Convertible Preferred Stock                from                the Certificate of Incorporation of the Registrant. |
|                        |     |                                                                                                                                                                                 |
| 3.7[16]           | --       | Certificate                of Amendment, dated May 23, 2002, to Certificate of Incorporation                of the                Registrant.                                        |
|                        |     |                                                                                                                                                                                 |
| 3.8[5]            | --       | Certificate                Eliminating Reference to Series B 7% Convertible Preferred Stock                from the                Certificate of Incorporation of the Registrant.   |
|                        |     |                                                                                                                                                                                 |
| 3.9[5]            | --       | Certificate                Eliminating Reference to Series C 8% Convertible Preferred Stock                from the                Certificate of Incorporation of the Registrant.   |
|                        |     |                                                                                                                                                                                 |
| 3.10[20]          | --       | Certificate                of Amendment, filed August 9, 2004, to Certificate of Incorporation                of the                Registrant.                                      |
|                        |     |                                                                                                                                                                                 |
| 3.11**                      |     | Certificate                of Amendment, filed August 24, 2007, to Certificate of Incorporation                of                the Registrant.                                     |
|                        |     |                                                                                                                                                                                 |
| 4.2[2]            | --  | Form                of Common Stock certificate.                                                                                                                                     |
|                        |     |                                                                                                                                                                                 |
| 4.3[4]            | --       | Warrant                Agreement, dated January 14, 2000, between the Registrant and Bruce.                R.                Kalisch.                                                |
|                        |     |                                                                                                                                                                                 |
| 4.4[6]            | --       | Warrant                Agreement, dated April 18, 2000, between the Registrant and Peter                J.                Solomon Company Limited.                                   |
|                        |     |                                                                                                                                                                                 |
| 4.5[7]            | --       | Form                of Warrant issued to each seller of shares of ICTS,                Inc.                                                                                          |
|                        |     |                                                                                                                                                                                 |
| 4.6[14]           | --       | Common                Stock Purchase Warrant issued in September 2003, to purchase 45,000                shares                of the Registrant’s common stock.               |
|                        |     |                                                                                                                                                                                 |

----

| 4.7[17]                       | --     | Common                Stock Purchase Warrant issued to placement agent on March 29,                2004.                                                                                                                                                                                                                                                           |
|-----------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.1[28]                      | --     | Amended                and Restated Employment Agreement between the Registrant and Dr.                Arol I.                Buntzman, dated August 12, 2005.                                                                                                                                                                                                     |
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.2[28]                           | --     | Amended                and Restated Employment Agreement between the Registrant and Dr.                John J.                McGrath, dated August 12, 2005.                                                                                                                                                                                                      |
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.3                (a)[9]    | --     | Employment                Agreement between the Registrant and Richard Goldenberg, dated January                1,                2003.                                                                                                                                                                                                                            |
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.3                (b)[23]   | --     | Letter                agreement, dated June 30, 2005, amending Employment Agreement between                the                Registrant and Richard Goldenberg dated January 1,                2003.                                                                                                                                                              |
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.4[10]                      | --     | Amended                and Restated 1998 Incentive Stock Option Plan of the                Registrant.                                                                                                                                                                                                                                                             |
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.5[11]                      | --     | 2001                Non-Qualified Stock Option Plan.                                                                                                                                                                                                                                                                                                               |
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.6[9]                       | --     | Form                of Change in Control Agreement used for agreements the Registrant                has with                each of Dr. Arol I. Buntzman, Dr. John J. McGrath, and Richard Goldenberg,                dated February 11, 2003.                                                                                                                    |
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.7[1]                       | --     | Form                of Indemnification Agreement. [Used for each director and executive                officer of the Registrant.]                                                                                                                                                                                                                                 |
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.8[4]                       | --     | Stock                Purchase Agreement, dated January 14, 2000, among Bruce R. Kalisch,                Interboro Holding, Inc. and Interboro Institute, Inc.                                                                                                                                                                                                      |
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.9[12]                      | --     | Lease                Agreement between 444 Realty Company and Interboro Institute, Inc.                dated                July 27, 1983, as amended by agreements dated September 20, 1988,                September 1, 1992, and February 1, 1993.                                                                                                              |
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.10[12]                     | --     | Lease                Agreement between Interboro Institute, Inc. and JUYI, Inc., dated                January                26, 2001.                                                                                                                                                                                                                             |
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.11[8]                      | --     | Promissory                Note for $1,000,000, dated August 4, 2003, payable by Interboro Institute,                Inc. to North Fork Bank.                                                                                                                                                                                                                       |
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.12[8]                      | --     | Form                of the Registrant’s Subscription and Registration Rights Agreement                relating to the Registrant’s August 1, 2003 issuance of common stock and                warrants.                                                                                                                                                |
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.13[13]                     | --     | Settlement                Agreement, made October 3, 2003, between Amaranth Trading L.L.C.                and the                Registrant.                                                                                                                                                                                                                       |
|                                    |   |                                                                                                                                                                                                                                                                                                                                                               |
| 10.14[13]                     | --     | Form                of Share Claim Purchase and Registration Rights Agreement between                the                Registrant and each investor acquiring a portion of the Amaranth                Trading                L.L.C.’s rights to claims to shares of EVCI’s common stock upon conversion                of Series B Preferred shares. |

----

|                         |   |                                                                                                                                                                                                                                                                                   |
|------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.15[14]               | --     | Third                Amendment and Lease Extension Agreement, made as of August 1, 2003,                between 444 Realty Company, L.L.C. and Interboro Institute,                Inc.                                                                                                |
|                         |   |                                                                                                                                                                                                                                                                                   |
| 10.16[15]          | --     | Ownership                and Registration Rights Agreement, dated November 11, 2003, between                the                Registrant and JLF Partners I, L.P., JLF Partners II, L.P. and JLF                Offshore Fund.                                                        |
|                         |   |                                                                                                                                                                                                                                                                                   |
|  10.17(a)[16]           | --     | Employment                Agreement between the Registrant and Joseph D. Alperin dated January                1,                2004.                                                                                                                                                  |
|                         |   |                                                                                                                                                                                                                                                                                   |
| 10.17                (b)[23] | --     | Letter                agreement, dated June 30, 2005, amending Employment Agreement between                the                Registrant and Joseph D. Alperin dated January 1, 2004.                                                                                                  |
|                         |   |                                                                                                                                                                                                                                                                                   |
| 10.18[16]          | --     | Option                Agreement between the Registrant and Joseph D. Alperin dated January                1,                2004.                                                                                                                                                      |
|                         |   |                                                                                                                                                                                                                                                                                   |
| 10.19[16]          | --     | Change                of control letter agreement between the Registrant and Joseph D.                Alperin                dated January 1, 2004.                                                                                                                                    |
|                         |   |                                                                                                                                                                                                                                                                                   |
| 10.20[16]          | --     | Agreement,                made February 28, 2004, between Interboro Institute, Inc. and OPEIU                Local                153, AFL-CIO.                                                                                                                                        |
|                         |   |                                                                                                                                                                                                                                                                                   |
| 10.21[17]          | --     | Securities                Purchase Agreement, dated March 29, 2004, by and among the Registrant                and                each buyer named in the Schedule of Buyers.                                                                                                          |
|                         |   |                                                                                                                                                                                                                                                                                   |
| 10.22[17]          | --     | Registration                Rights Agreement, dated March 29, 2004, by and among the Registrant                and                each buyer named in the Schedule of Buyers.                                                                                                          |
|                         |   |                                                                                                                                                                                                                                                                                   |
| 10.23[18]          | --     | Ownership                and Registration Rights Agreement, dated April 2, 2004, by and among                the                Registrant and six funds managed by Wellington Management Company,                LLP.                                                                 |
|                         |   |                                                                                                                                                                                                                                                                                   |
| 10.24[19]          | --     | 2004                Amended and Restated Incentive Stock Plan                                                                                                                                                                                                                          |
|                         |   |                                                                                                                                                                                                                                                                                   |
| 10.25[20]          | --     | Form                of Stock Option Agreement (Nonqualified Stock Option)                                                                                                                                                                                                              |
|                         |   |                                                                                                                                                                                                                                                                                   |
| 10.26[20]          | --     | Form                of Stock Option Agreement (Nonqualified Stock Option) covering option                grants to executive officers that were approved at the Registrant’s July                27, 2004 stockholders meeting.                                                  |
|                         |   |                                                                                                                                                                                                                                                                                   |
| 10.27[21]          | --     | Lease                made November 17, 2003 between Spruce Spires Associates, LP, and                Interboro                Institute, Inc.                                                                                                                                          |
|                         |   |                                                                                                                                                                                                                                                                                   |
| 10.28                (a)[22] | --     | Sublease                for Premises at 37-02 Main Street, Flushing, NY 11354, dated March                28,                2005, between Genking, LLC and Interboro Institute, Inc. withExhibit                A and letter agreement, dated April 15, 2005, amending such sublease. |
|                         |   |                                                                                                                                                                                                                                                                                   |
| 10.28                (b)[22] | --     | Consent                to Sublease, dated April 22, 2005, among Mehran Enterprises Ltd.,                Futurama                Home Furniture of Queens, Inc., Genking, LLC and Interboro Institute,                Inc.                                                              |

----

|                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|---------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.28                (c)[22]                | --     | Sublease,                dated March 30, 2004, between Futurama Home Furniture of Queens,                Inc. and                Genking, LLC.                                                                                                                                                                                                                                                                                                               |
|                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.28                (d)[22]                | --     | Agreement                of Lease, dated March 6, 2001, between Mehran Enterprise Ltd. and                Futurama                Home Furniture of Queens, Inc.                                                                                                                                                                                                                                                                                             |
|                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.29                [24]         | --     | Stock                Purchase Agreement, dated June 30, 2005, among EVCI Career Colleges                Holding Corp., Technical Career Institutes, Inc., East Coast Training                Services of Delaware, Inc., East Coast Capital Corp. and North American                Training Services, Inc., with Exhibits (Schedules will be provided                supplementally to the Securities and Exchange Commission upon                request). |
|                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.30(a)[25]                                | --     | Loft                Lease dated as of September 1, 2004 between Getty Square Partners                LLC and                Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                        |
|                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.30(b)[25]                                | --     | Letter                agreement dated August 18, 2004 between Getty Square Partners LLC                and                Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                          |
|                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.30(c)[25]                                | --     | First                Amendment to Lease dated as of July 14, 2005 between Getty Square                Partners                LLC and Interboro Institute, Inc.                                                                                                                                                                                                                                                                                              |
|                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.31[28]                              | --     | 2004                Amended and Restated Incentive Stock Plan Restricted Stock Award                Agreement,                dated August 12, 2005, between the Registrant and Dr. Arol I.                Buntzman.                                                                                                                                                                                                                                         |
|                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.32[28]                              | --     | 2004                Amended and Restated Incentive Stock Plan Restricted Stock Award                Agreement, dated August 12, 2005, between the Registrant and Dr.                John J.                McGrath.                                                                                                                                                                                                                                          |
|                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.33                (a)[26]                | --     | Credit                Agreement, dated as of September 16, 2005, among the Registrant,                the                Guarantors from time-to-time parties thereto, the lenders from                time-to-time parties thereto and Harris N.A.                                                                                                                                                                                                          |
|                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.33                (b) [28]               | --     | First                Amendment to Credit Agreement , dated as of November 10, 2005, between                the                Registrant and Harris, N.A.                                                                                                                                                                                                                                                                                                    |
|                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.34                [26]         | --     | Security                Agreement, dated as of September 16, 2005, among EVCI and other Debtors                and Harris N.A.                                                                                                                                                                                                                                                                                                                               |
|                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.35                [26]         | --     | Trademark                Collateral Agreement, dated September 16, 2005, between Technical                Career                Institutes, Inc. and Harris N.A.                                                                                                                                                                                                                                                                                             |
|                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.36                [27]    | --     | Employment                Agreement, dated as of September 29, 2005, between EVCI and Joseph                J.                Looney.                                                                                                                                                                                                                                                                                                                   |
|                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

----

| 10.37                  [27]     | --     | Change                  of control letter agreement, dated September 29, 2005, between                  EVCI and                  Joseph J. Looney.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.38                  [28]          | --     | Lease                  Agreement between Brill & Sharma Equities and Pennsylvania School of                  Business for a term commencing June 1, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.39                  (a)[28]       | --     | Net                  Lease, dated as of December 19, 1997, between Overtime Properties                  LLC and                  Technical Career Institutes, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.39                  (b)[28]       | --     | First                  Amendment of Lease dated as of October 1, 2002 between Overtime                  Properties, LLC and Technical Career Institutes, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.40                  (a)[28]       | --     | Lease,                  dated October 11, 1994, between F.H.E.A. Associates and Technical                  Career                  Institutes, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.40                  (b)[28]       | --     | First                  Amendment of Lease, dated January 20, 1995, between F.H.E.A. Associates                  and Technical Career Institutes, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|  10.40                  (c)[28] | --     | Second                  Modification and Extension of Lease Agreement, dated April 15,                  2005,                  between Eighth Avenue Limited Liability Company and Technical Career                  Institutes, Inc.                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.41                  (a)[28]       | --     | Collective                  Bargaining Agreement between Technical Career Institutes, Inc.                  and T.O.P.                  Local 2110 UAW, AFL-CIO, effective October 10, 1992- October 9,                  1995, and                  covering office clerical employees.                                                                                                                                                                                                                                                                                                                                                        |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.41                  (b)[28]       | --     | Memorandum                  of Agreement, dated October 10, 1995, between T.O.P. Local 2110                  UAW-AFL-CIO and Technical Career Institutes, Inc., amending collective                  bargaining agreement between the parties covering office and clerical                  employees, which was effective October 10, 1992- October 9,                  1995.                                                                                                                                                                                                                                                                 |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.41                  (c)[28]       | --     | Memorandum                  of Agreement, dated October ____, 1998, between T.O.P. Local 2110                  UAW-AFL-CIO and Technical Career Institutes, Inc., amending collective                  bargaining agreement between the parties covering office clerical                  employees, which was effective from October 10, 1995 through October                  9,                  1998.                                                                                                                                                                                                                                      |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.41                  (d)[28]       | --     | Collective                  Bargaining Agreement between Technical Career Institutes, Inc.                  and T.O.P.                  Local 2110 UAW-AFL-CIO effective October 10, 1998-October 9, 2001,                  covering instructors, laboratory technicians and maintenance persons                  (This                  agreement amends and restates the prior collective bargaining agreements                  with the instructors, laboratory technicians and maintenance                  employees.)                                                                                                                   |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.41                  (e)[28]       | --     | Memorandum                  of Agreement, dated October 10, 2001, between T.O.P. Local 2110                  UAW-AFL-CIO and Technical Career Institutes, Inc., amending (A)                  collective                  bargaining agreement between the parties covering instructors,                  laboratory                  technicians and maintenance employees and (B) collective bargaining                  agreement between the parties covering office clerical employees,                  each                  such prior agreement effective October 10, 1998 through October                  9,                  2001. |

----

|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.41                  (f)[28]      | --     | Memorandum                  of Agreement, dated October 10, 2004, between T.O.P. Local 2110                  UAW-AFL-CIO and Technical Career Institutes, Inc., amending (A)                  collective                  bargaining agreement between the parties covering instructors,                  laboratory                  technicians and maintenance employees and (B) collective bargaining                  agreement between the parties covering office clerical employees,                  each                  such agreement effective October 10, 2001 through October 9,                  2004.                                                                |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.41                  (g)**   | --     | Memorandum                  of Agreement, dated October 10, 2007, between T.O.P. Local 2110                  UAW-AFL-CIO and Technical Career Institutes, Inc. amending (A)                  the                  collective bargaining agreement between the parties covering a                  unit of                  instructors, laboratory technicians and maintenance employees;                  and (B) the                  collective bargaining agreement between the parties covering a                  unit of                  office clerical employees, each agreement effective from October                  10, 2004,                  through October 9, 2007. |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.42                  [29]              | --     | Letter                  agreement, dated March 1, 2006, between the Registrant and Dr.                  John J.                  McGrath.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.43                  [29]              | --     | Form                  of Restricted Stock Award Agreement for the restricted stock awards                  to Dr.                  John J. McGrath, Dr. Arol I. Buntzman and Joseph J. Looney, without                  Annexes A and B.                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.44                  [29]              | --     | Employment                  Agreement, dated March 1, 2006, between the Registrant and Joseph                  D.                  Alperin.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.45                  [29]              | --     | Restricted                  Stock Award Agreement, dated March 1, 2006, between the Registrant                  and                  Joseph D. Alperin, without Annex A.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.46[34]                                | --     | Amended                  and Restated Credit Agreement dated as of September 16, 2005, amended                  and                  restated as of March 31, 2006, among EVCI Career Colleges Holding                  Corp.,                  the Guarantors from time to time parties hereto, and Harris N.A.                  as                  lender. “Schedules will be provided supplementally to the Securities and                  Exchange Commission upon request.”                                                                                                                                                                                         |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.47[35]                                | --     | First                  Amendment, made April 30, 2006, to Amended and Restated Credit                  Agreement                  dated as of September 16, 2005 and amended and restated as of March                  31,                  2006.                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.48[36]                                | --     | Second                  Amendment, made June 26, 2006, to Amended and Restated Credit Agreement                  dated as of September 16, 2005 and amended and restated as of March                  31,                  2006.                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.49[36]                                | --     | Waiver                  Agreement, made August 9, 2006, relating to Amended and Restated                  Credit                  Agreement dated September 16, 2005 and amended and restated as                  of March                  31, 2006.                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.50[37]                                | --     | Letter                  Agreement, dated October 24, 2006, between the Registrant and Dr.                  Arol I.                  Buntzman.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

----

|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
|--------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.51[38]                      | --     | Memorandum                  of Agreement dated January 30, 2007 between Office & Professional                  Employees International Union, Local 153, AFL-CIO, and Interboro                  Institute.                                                                                                                                                                     |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.52                  (a)[39] | --     | Securities                  Purchase Agreement, dated as of April 24, 2007, (the “SPA”) between the                  Registrant and ComVest Investment Partners III, L.P. (“ComVest”).                  Schedules will be provided supplementally to the Securities and                  Exchange                  Commission upon request.                 |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.52                  (b)[39] | --     | Exhibit                  A to Securities Purchase Agreement:  Form of ComVest Secured                  Convertible Promissory .                                                                                                                                                                                                                                                |
|                           | -      |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.52                  (c)[39] | --     | Exhibit                  C to Securities Purchase Agreement: Form of Intercreditor                  Agreement.                                                                                                                                                                                                                                                                 |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.52                  (d)[39] | --     | Exhibit                  D to Securities Purchase Agreement: Form of ComVest Registration                  Rights Agreement.                                                                                                                                                                                                                                                   |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.52                  (e)[39] | --     | Exhibit                  E to Securities Purchase Agreement: Form of Security                  Agreement.                                                                                                                                                                                                                                                                      |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.52                  (f)[39] | --     | Exhibit                  F to Securities Purchase Agreement: Form of ComVest                  Warrant.                                                                                                                                                                                                                                                                         |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.53[38]                      | --     | Letter                  Agreement regarding employment, dated April 24, 2007, between the                  Registrant and Dr. Arol I. Buntzman.                                                                                                                                                                                                                                     |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.53                  (a)[40] | --     | Letter                  Agreement, dated as of June 18, 2007, between the Registrant and                  Dr. Arol                  I. Buntzman correcting and reforming Letter Agreement, dated April                  24,                  2007, between the Registrant and Dr. Arol I. Buntzman.                                                                                 |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.54[38]                      | --     | Letter                  Agreement regarding employment, dated April 24, 2007, between the                  Registrant and Dr. John J. McGrath.                                                                                                                                                                                                                                      |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.55[38]                      | --     | Letter                  Agreement regarding employment, dated April 24, 2007, between the                  Registrant and Joseph D. Alperin, Esq.                                                                                                                                                                                                                                   |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.56[38]                      | --     | Employment                  Agreement, dated April 24, 2007, between the Registrant and Stephen                  Schwartz.                                                                                                                                                                                                                                                          |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.57                  (a)[38] | --     | Purchase                  Agreement, dated April 24, 2007, between the Registrant and Dr.                  Arol I.                  Buntzman..                                                                                                                                                                                                                                      |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.57                  (b)[38] | --     | Purchase                  Agreement, dated April 24, 2007, between the Registrant and Dr.                  John J.                  McGrath.                                                                                                                                                                                                                                        |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.57                  (c)[38] | --     | Purchase                  Agreement, dated April 24, 2007, between the Registrant and Joseph                  D.                  Alperin.                                                                                                                                                                                                                                          |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.57                  (d)[38] | --     | Purchase                  Agreement, dated April 24, 2007, between the Registrant and Stephen                  Schwartz.                                                                                                                                                                                                                                                            |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.58[38]                      | --     | Form                  of Secured Convertible Promissory Note to be issued by Registrant                  to each                  of Arol I. Buntzman, John J. McGrath, Joseph D. Alperin and Stephen                  Schwartz.                                                                                                                                                    |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.59[38]                      | --     | Form                  of Warrant to be issued by Registrant.                                                                                                                                                                                                                                                                                                                        |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.60[38]                      | --     | Registration                  Rights Agreement, dated April 24, 2007, among the Registrant and                  Arol I.                  Buntzman, John J. McGrath, Joseph D. Alperin and Stephen                  Schwartz.                                                                                                                                                        |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.61[39]                      | --     | Letter                  Agreement, dated April 24, 2007, among ComVest, Dr. Arol I. Buntzman,                  Dr.                  John J. McGrath, Joseph D. Alperin, Esq. and Stephen                  Schwartz.                                                                                                                                                                 |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.62[38]                      | --     | Second                  Amended and Restated Credit Agreement, dated April 24, 2007, among                  the                  Registrant, the Guarantors from time to time parties thereto, and                  Harris                  N.A. as lender. Schedules will be provided supplementally to the                  Securities and Exchange Commission upon request. |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.63[38]                      | --     | Pledge                  Agreement, dated April 24, 2007, between the Registrant and Harris                  N.A                                                                                                                                                                                                                                                                     |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.64[40]                      | --     | Termination                  of Change of Control Agreement, effective April 24, 2007, between                  the                  Registrant and Richard Goldenberg.                                                                                                                                                                                                             |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 10.65[40]                      | --     | Form                  of Convertible Note, Warrant and Purchase Agreement Clarification                  Agreement.                                                                                                                                                                                                                                                                 |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 31.1**                         | --     | Certification                  of Chief Executive Officer required by Rule 13a-14(a) under the                  Exchange                  Act.                                                                                                                                                                                                                                      |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 31.2**                         | --     | Certification                  of Chief Financial Officer required by Rule 13a-14(a) under the                  Exchange                  Act.                                                                                                                                                                                                                                      |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 32.1**                         | --     | Certification                  of Chief Executive Officer pursuant to 18 U.S.C. Section 1350,                  as adopted                  pursuant to Section 906 of Sarbanes-Oxley Act of 2002.                                                                                                                                                                                   |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 32.2**                         | --     | Certification                  of Chief Financial Officer pursuant to 18 U.S.C. Section 1350,                  as adopted                  pursuant to Section 906 of Sarbanes-Oxley Act of 2002.                                                                                                                                                                                   |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 99.1[21]                       | --     | Text                  of final report, dated March 7, 2005, detailing the calculation                  of the TAP                  disallowances resulting from the TAP audit of the 2000-01 through                  2002-03                  academic years of Interboro Institute, Inc.                                                                                          |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 99.2                  [24]     | --     | Press                  Release dated June 30, 2005 related to the announcement of Exhibit                  10.29(a) of this report.                                                                                                                                                                                                                                                 |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 99.3                  [27]     | --     | Press                  release dated October 3, 2005 and captioned “EVCI Career Colleges Hires                  Joseph J. Looney to serve as Chief Financial Officer.”                                                                                                                                                                                                  |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                |
| 99.4                  [28]     | --     | Press                  Release dated October 19, 2005 and captioned “EVCI Career Colleges                  Receives Draft Report of Compliance Review of Interboro                  Institute.”                                                                                                                                                                         |

----

|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 99.5[30]  | --     | Unaudited                  financial statements of Technical Career Institutes, Inc. as of                  June 30,                  2005 and for the nine months ended June 30, 2005 and 2004, and                  the notes                  related thereto.                                                                                                                                                                                                                                                                                                                                         |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.6[30]  | --     | Audited                  financial statements of Technical Career Institutes, Inc. as of                  September                  30, 2004 and 2003 and for each of the years in the three-year period                  ended                  September 30, 2004 and the notes related thereto.                                                                                                                                                                                                                                                                                                       |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.7[30]  | --     | Unaudited                  pro forma financial information for the year ended December 31,                  2004 and                  the nine months ended September 30, 2005 and the notes related                  thereto.                                                                                                                                                                                                                                                                                                                                                                       |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.8[31]  | --     | Press                  release dated December 5, 2005 and captioned “EVCI Career Colleges                  Receives Final Report of Compliance Review of Interboro                  Institute.”                                                                                                                                                                                                                                                                                                                                                                                               |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.9[31]  | --     | Draft                  Report of Compliance Review of Interboro Institute dated October                  7,                  2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.10[31] | --     | Response                  of Interboro Institute Inc., dated November 3, 2005, to two draft                  reports                  from the State Education Department of New York.                                                                                                                                                                                                                                                                                                                                                                                                                    |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.11[31] | --     | Letter                  dated November 23, 2005 from Stephen H. Adolphus, President of                  Interboro                  Institute, to Joseph P. Frey, Assistant Commissioner- Office of                  Quality                  Assurance, New York State Education Department outlining Interboro                  Institute’s revised admissions screening procedures.                                                                                                                                                                                                               |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.12[31] | --     | Letter                  dated November 21, 2005 from Steven M. Gombos of Ritzert &                  Leyton to Joseph P. Frey, Assistant Commissioner, The State Education                  Department outlining the results of the independent investigation                  for the                  Audit Committee of the Board of Directors of EVCI Career Colleges                  Holding                  Corp.                                                                                                                                                                         |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.13[31] | --     | Letter                  dated December 2, 2005 from Joseph P. Frey, Assistant Commissioner-                  Office                  of Quality Assurance, the State Education Department of New York                  including                  attachment titled “State Education Department Analysis of Interboro                  Institute’s Response to the Draft Report.”                                                                                                                                                                                                       |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.14[32] | --     | Press                  release dated January 13, 2006 and captioned “EVCI Career Colleges Reports                  New Student Caps for Interboro’s Spring 2006 Through Spring 2007                  Semesters.”                                                                                                                                                                                                                                                                                                                                                                        |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.15[32] | --     | Letter                  dated December 19, 2005 with enclosures from the registrant to                  Joseph P.                  Frey, Assistant Commissioner.                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.16[32] | --     | Letter                  dated December 23, 2005 from Johanna Duncan-Poitier, Deputy Commissioner,                  to the registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.17[32] | --     | Letter                  dated January 4, 2006 with enclosure from the registrant to Johanna                  Duncan-Poitier, Deputy Commissioner.                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.18[32] | --     | Letter                  dated January 11, 2006 from Johanna Duncan-Poitier, Deputy Commissioner,                  to the registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.19[33] | --     | Response                  of Interboro Institute to the December 2, 2005 Report from the                  New York                  State Education Department.                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.20[33] | --     | Letter                  dated February 2, 2006 from the New York State Education Department                  to                  EVCI.                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.21[34] | --     | Interboro                  Institute’s Comprehensive Institutional Effectiveness Plan with                  transmittal letter from the registrant dated February 22,                  2006.                                                                                                                                                                                                                                                                                                                                                                                                   |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.22[34] | --     | Letter                  dated March 13, 2006 from the New York State Education Department                  to the                  Registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.23[34] | --     | Letter                  dated March 14, 2006 from the New York State Education Department                  to the                  Registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.24[34] | --     | Interboro                  Institute’s Mid-Point Self Study dated March 28, 2006 (without attachments                  with transmittal letter from the Registrant dated March 30,                  2006.                                                                                                                                                                                                                                                                                                                                                                                           |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.25[38] | --     | Report                  of a Compliance Review of Interboro Institute June 19-20, 2006                  and October                  16-18, 2006; transmittal letter dated March 23, 2007 to Registrant                  from                  Joseph P. Frey of the New York State Education Department; Ratings                  for                  Each Checked Standard (for use in assessing the Compliance Review),                  and                  letter dated January 11, 2006 from Johanna Duncan-Poitier, Deputy                  Commissioner, referred to in the Compliance Report). |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.26[41] | --     | Letter,                  dated October 1, 2007, from NASDAQ Listing and Hearing Review                  Council.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.27[41] | --     | Decision                  of NASDAQ Listing Qualification Panel dated August 23,                  2007.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

| *      | Numbers                  inside brackets indicate documents from which exhibits have been                  incorporated by reference.                                          |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **     | Filed                  herewith.                                                                                                                                               |
|   |                                                                                                                                                                           |
| [1]    | Incorporated                  by reference to the Registrant’s Registration Statement on Form SB-2,                  filed October 23, 1998, Registration No. 333-66085. |
| [2]    | Incorporated                  by reference to Amendment No. 4, dated February 10, 1999, to the                  Registrant’s Form SB-2, Registration No. 333-66085.      |
| [3]    | Incorporated                  by reference to Registrant’s Form 10-QSB for the quarter ended September                  30, 1999.                                        |
| [4]    | Incorporated                  by reference to the Registrant’s Form 8-K dated January 14,                  2000.                                                         |
| [5]    | Incorporated                  by reference to the Registrant’s Form 8-K dated October 6,                  2000.                                                          |
| [6]    | Incorporated                  by reference to the Registrant’s Form 10-QSB for the quarter ended                  September 30, 2000.                                    |
| [7]    | Incorporated                  by reference to the Registrant’s Form 8-K dated July 1,                  2001.                                                             |
| [8]    | Incorporated                  by reference to the Registrant’s Form 10-QSB for the quarter ended                  September 30, 2003.                                    |

----

| [9]  | Incorporated                  by reference to the Registrant’s Form 10-KSB for the year ended December                  31, 2002.                                                                                                                                                 |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| [10] | Incorporated                  by reference to the Registrant’s Registration Statement on Form S-8 filed                  December 31, 2002, Registration No. 333-102310.                                                                                                          |
| [11] | Incorporated                  by reference to the Registrant’s Registration Statement on Form S-8 filed                  October 23, 2001, Registration No. 333-72080.                                                                                                            |
| [12] | Incorporated                  by reference to the Registrant’s Form 10-QSB for the quarter ended                  September 30, 2003.                                                                                                                                             |
| [13] | Incorporated                  by reference to the Registrant’s Form 8-K dated October 10,                  2003.                                                                                                                                                                  |
| [14] | Incorporated                  by reference to the Registrant’s Form 10-QSB for the quarter ended                  September 30, 2003.                                                                                                                                             |
| [15] | Incorporated                  by reference to Amendment No. 1 to the Registrant’s Registration Statement                  on Form S-3, filed December 4, 2003, Registration No.                  333-110567.                                                                      |
| [16] | Incorporated                  by reference to the Registrant’s Form 10-KSB/A for the year ended December                  31, 2003.                                                                                                                                               |
| [17] | Incorporated                  by reference to the Registrant’s Form 8-K dated March 29,                  2004.                                                                                                                                                                    |
| [18] | Incorporated                  by reference to the Registrant’s Form 10-QSB for the quarter ended June                  30, 2004.                                                                                                                                                  |
| [19] | Incorporated                  by reference to the Registrant’s definitive Proxy Statement dated May 2,                  2005.                                                                                                                                                     |
| [20] | Incorporated                  by reference to the Registrant’s Form 10-QSB for the quarter ended                  September 30, 2004.                                                                                                                                             |
| [21] | Incorporated                  by reference to the Registrant’s Form 10-KSB for the year ended December                  31, 2004.                                                                                                                                                 |
| [22] | Incorporated                  by reference to the Registrant’s Form 8-K dated March 7, 2005.                                                                                                                                                                                      |
| [23] | Incorporated                  by reference to the Registrant’s Form 10-Q for the quarter ended March 31,                  2005.                                                                                                                                                   |
| [24] | Incorporated                  by reference to the Registrant’s Form 8-K dated July 1, 2005.                                                                                                                                                                                       |
| [25] | Incorporated                  by reference to the Registrant’s Form 8-K dated July 18, 2005.                                                                                                                                                                                      |
| [26] | Incorporated                  by reference to the Registrant’s Form 8-K dated September 16,                  2005.                                                                                                                                                                |
| [27] | Incorporated                  by reference to the Registrant’s Form 8-K dated September 29,                  2005.                                                                                                                                                                |
| [28] | Incorporated                  by reference to the Registrant’s Form 10-Q for the quarter ended September                  30, 2005.                                                                                                                                          |
| [29] | Incorporated                  by reference to the Registrant’s Form 8-K dated March 1,                  2006.                                                                                                                                                                     |
| [30] | Incorporated                  by reference to the Registrant’s Form 8-K/A dated September 16,                  2005.                                                                                                                                                              |
| [31] | Incorporated                  by reference to the Registrant’s Form 8-K dated December 5,                  2005.                                                                                                                                                                  |
| [32] | Incorporated                  by reference to the Registrant’s Form 8-K dated January 12,                  2006.                                                                                                                                                                  |
| [33] | Incorporated                  by reference to the Registrant’s Form 8-K dated February 3,                  2006.                                                                                                                                                                  |
| [34] | Incorporated                  by reference to the Registrant’s Form 10-K filed September 30,                  2006.                                                                                                                                                               |
| [35] | Incorporated                  by reference to the Registrant’s Form 10-Q for the quarter ended March 31,                  2006.                                                                                                                                              |
| [36] | Incorporated                  by reference to the Registrant’s Form 10-Q for the quarter ended June 30,                  2006.                                                                                                                                                    |
| [37] | Incorporated                  by reference to the Registrant’s Form 8-K dated October 26,                  2006.                                                                                                                                                                  |
| [38] | Incorporated                  by reference to the Registrant’s Form 10-K filed April 27,                  2007. Please note that Exhibits 10.57(a), 10.57(b), 10.57(c) and                  10.57(d) have been included together as Exhibit 10.57 on                  Edgar. |
| [39] | Incorporated                  by reference to the Registrant’s Form 10-K/A, Amendment No. 2, filed May                  23, 2007.                                                                                                                                                 |
| [40] | Incorporated                  by reference to the Registrant’s Form 10-K/A, Amendment No. 3, filed                  August 10, 2007.                                                                                                                                              |
| [41] | Incorporated                  by Reference to the Registrant’s Form 8-K dated October 1,                  2007.                                                                                                                                                                   |